trust

National Treasury introduced an “amnesty” to enable natural persons to transfer their residences out of trust or company structures, free of capital gains tax, dividends tax, STC and transfer duty. This period of tax relief is valid from 1 October 2010 until 31 December 2012. While the tax relief is certainly to be welcomed, serious thought must be given from a financial planning perspective whether to make use of it or not. [read more »]