CGT Implications of Trusts


Duration: 0.24 Hour

Price: R129.00

Video Type: Single

...

CGT Implications of Trusts

Duration: 0.24 hour

Price: R129.00


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CGT Implications of Trusts

This webinar on demand is part of a series of webinars. Click here to read more


Overview

A trust is a legal relationship created by the founder of the trust. The founder places assets under the control of trustees for the benefit of beneficiaries of the trust or for a specific purpose.

Trusts are established for various reasons. If structured properly, a trust is a very effective tool that can be used for the following reasons:

• Estate planning purposes: When a natural person passes away, estate duty is levied on all property and deemed property owned on the date of death. The estate duty rate is currently 20% on the value of the estate up to R30 million and 25% on the value of the estate in excess of R30 million. In an attempt to reduce estate duty, taxpayers can donate or sell or transfer assets to a trust so that the property is not owned by the deceased on the date of death and estate duty will, therefore, not be due on the assets so transferred.

• Effective management or protection of assets – When assets are donated, sold or transferred to the trust, the trust assets are managed by one or more trustees for the benefit of beneficiaries.

Short course content (self-paced)

  • CGT Implications of Trusts

Competencies developed in this short course (self-paced)

  • Prepare Personal Income Tax Returns
  • Review Personal Income Tax Returns
  • Dispute and Controversy Management Associated with Personal Income Tax
  • Provide Tax Advice Associated with Personal Income Tax

 

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