To find out if trusts can help you protect your family's financial situation after you're gone, Aiden Sookdin spoke to one of the foremost trust experts in South Africa, Albert Vorster, Senior Fiduciary Specialist at Momentum Trust Limited. Here's what you need to know...
Albert agrees that trusts are still relevant for effective estate planning, asset protection and generational continu... ››› more
When you invest and your shares perform, once you sell your shares, you could be liable to pay tax on your gains.
It all comes down to how much money you make from your investments.
Let's take a closer look…
What is capital gains tax (CGT)?
Capital gains tax (CGT) is a tax you have to pay on any profits you make on the difference between the price you pay for something and what yo... ››› more
If you hold shares and other investments for the long-term and sell them for a profit, depending on the size of your profit, you could have to pay capital gains tax to SARS.
So what exactly is capital gains tax? And how much profit to you have to make to pay capital gains tax?
Let's take a closer look…
What is capital gain tax (CGT)?
Any profits you make from selling an asset (lik... ››› more
When you invest or trade, there's a chance your activities may result in you paying tax. Depending on what type of investor you are, this could be income tax or capital gains tax. And what about dividends? Do you have to pay tax on these too? Let's take a closer look at the taxes you might be liable for when you invest and trade…
Investors pay capital gains tax (CGT)
If you’re a long-term... ››› more
Most investors think figuring out which is the best unit trust to invest in is the only thing they need to consider. But that's not true! Before getting involved in any investment, you need to consider how the tax on it works. When it comes to unit trust investing, these two taxes apply…
SARS levies two taxes on all forms of unit trust investing
As the experts at Equinox explain, there ar... ››› more
When it comes to your retirement, one of the things you need to consider is how you'll plan your estate. But here's the thing most people don't realise, Capital Gains Tax (CGT) places a big spanner in the works for doing this. And that's why you need to explore the tax effects of CGT on your estate plan. But to do that, you first need to know which assets CGT affects and which ones it doesn't…
... ››› more
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