#WATCH I Hugo Van Zyl and Mathys Briers-Louw, both experts in foreign exchange and fiduciary matters, will explore foreign assets and estate planning options in this webinar.

Estate Planning: Offshore Assets

Overview

In this webinar, Hugo Van Zyl CA(SA) TEP, and Mathys Briers-Louw (holding a BComm in Law, LLB, and LLM in Transnational Business Practice cum laude from Stellenbosch University, as well as expertise in foreign exchange and fiduciary matters), will be delving into the realm of foreign assets and estate planning alternatives. This webinar will consider estate planning for ALL ordinarily resident persons, including, albeit tax treaty non-resident taxpayers possessing a SARS letter confirming having ceased income tax residency. Practical issues include local vs foreign trust options, donations tax, and most importantly, the 23 May 2023 Exchange Control update. Their suggestions will be mindful of the fact that many families have diaspora children and family members.

Webinar content

1. Estate Duty Act ordinarily resident yet Income Tax Non-resident.
2. Exchange Control rules as of 31 July 2023.
3. Estate Duty and other tax issues - 2022 tax laws and 2023 TLAB suggestions.
4. Local vs Foreign Trusts - why is Namibian Trust not always the answer?
5. Regulatory update - UBO and SARS IT3(T) reporting.

Competencies developed in this webinar

1. Estate Planning for diaspora clients - rules and facts to consider by the based adviser.
2. Estate Planning framework forms an Exchange Control Perspective - rules to consider.
3. Compliance skills in respect of SA and foreign trusts.
4. Ability to guide clients on multiple wills covering assets in various jurisdictions

Presenters

Hugo van Zyl

CA(SA) TEP MTP(SA), Cross-Border and Tax Specialist

Hugo is an experienced trainer, lecturer and "go-to" industry specialist. It comes as no surprise that SARS appointed him to lecture on capital gains tax and worldwide taxation based on residency. In the last six years, he has presented at least once a quarter, for anyone of the many professional bodies he belongs to.

Hugo is internationally known as @Wegkaner (on Twitter), taking special care of South Africans residing outside South Africa, or planning to relocate out of South Africa.

Based in Cape Town, he is proudly South African yet holds a United Emirates Residency permit, because of his UAE registered practice aimed at expats. Hugo's client base is global, includes intermediary firms, local and international financial institutions and often the powers to be at the professional regulatory bodies he belongs to.

Hugo was one of the first advisers able to assist South Africans living abroad, to emigrate and extract their retirement funds from South Africa formally, initially trading as FFI, after that TAXFORUM once upon a time being part of the emigration teams at Maitland, Cashkows (now FinGlobal) in Hermanus, Breytenbach Cross-Border Advisors (Cape Town) and more lately FNB's Fiduciary unit. The First Rand Bank stint was short yet a most exciting journey.

Hugo serves on the SAICA Tax Committees sub-committee dealing with SARB FinSurv (or Exchange Control) matters.

During 2018, providing advisory services using e-meetings and platforms were questioned. Yet, today in the Covid-19 era, Hugo's business model using online platforms became the norm. It is therefore not surprising that most his clients live outside South Africa and his in-depth understanding of the various double tax agreements, often leaves his foreign-based colleagues astounded. In South Africa, his local company provides much needed support and guidance to other small and medium-sized firms.

Mathys Briers-Louw

Mathys is an skillful attorney with both local and international legal academic knowledge. He was admitted as an attorney in 2014, marking the beginning of his successful career in the legal field. His expertise covers cross-border legal matters, exchange control, international money transfers and fiduciary services. Mathys provides top-notch legal services to individuals and businesses navigating the challenges of cross-border transactions.

Membership:

• Fiduciary Institute of SA (FISA)

Education:

• BComm Law (Stellenbosch)
• LLB (Stellenbosch)
• LLM in Transnational Business Practice (Pacific, McGeorge, USA)

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.

Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

Regular price: R460.00

SAIT member special discounted rate: R368.00

Group booking discounts available when you register for a group.

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