Overview

The expat tax conundrum facing all South African ID book or smart cardholders is debugged in this three-part series aimed at the South African expat, tax non-resident and their tax and financial advisers. Expats (being South Africans and individuals in possession of a South African ID document not living in the country) are left confused. Home affairs cancelled their passports, the South African Reserve Bank (SARB) blocked their right to transfer ZA Rands (ZAR) abroad and the South African Revenue Service (SARS) threatens them with common reporting standards (CRS) and expat tax.

Diasporic South African Family (Part 3) – 15 November 2021

• • Should I risk ceasing to be a tax resident?
  • How do I deal with the children born abroad vs children born in South Africa?
  • Estate planning tips:
    • Single will or will per jurisdiction?
      • Forced heirship – European and Sharia law jurisdictions.
    • Master of the High Court rules.
    • Must we update Home Affairs on the foreign death of a South African national?
  • Keep my immovable property such as the holiday home in my own name, trust, or a company?
  • The loop rule update – how to vs why not to use this new permission:
    • The loop rule impact on South African trusts and the old restrictive trust deeds.
  • Capital gains tax rules on South African situs assets.
  • Donation’s tax and the expat vs the tax non-resident:
    • ITA section 7C and section 31 deemed donations on low or interest-free loans.
  • I may come back to South Africa – short vs longer-term returns:
    • Pre-immigration planning.
  • How to deal with old trust deeds and new exchange control rules.

Who should attend?

Tax advisors, financial planners, tax lawyers, persons interested in emigrating, persons who have family who have emigrated.

Presenter

Hugo van Zyl, Master Tax Practitioner (SA) TEP CA(SA)

Based in Cape Town, Hugo runs his own private tax practice as well as a joint venture tax and formal emigration business.

Hugo emigrated his first client in May 1993, two months after the Chris Hani murder, and since then he has lectured SA expats, SA capital gains tax and income tax in Los Angeles, New York, Chicago, London, Amsterdam, Dubai, Abu Dhabi, Mauritius, as well as locally throughout South Africa. Since 1993, Hugo has assisted several expats, Saffas and global citizens in entering and exiting South Africa, not only from a tax perspective but also as a cross-border exchange control and multi-jurisdictional trust and estate specialist.

In 2014, 2016, 2017 and 2019, Hugo was an active tax specialist and fiduciary panellist at the Tax Indaba. In 2020, he was a guest speaker at national AGM of the Fiduciary institute of South Africa. He has presented webinars for both the South African Institute of Taxation (SAIT) and The Tax Faculty and a country-wide roadshow on the then new section 7C tax rules.

Hugo is not only a PBO/NGO specialist providing tax and practical advice; he also spent many years as national treasurer for both the Association of Round Tables (ARTSA as it was then known) and Chaine des Rôtisseurs Afrique de Sud (www.chaine.co.za).

Hugo is known by his international Twitter handle, @wegkaner.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points per session.

Event Pricing

This does not form part of the 2021 CPD subscription packages.

Other member: R495.00

Company price: R950.00

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