Estate Planning: Offshore Assets
Presenters : Hugo van Zyl , Mathys Briers-Louw
Overview
This video 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.
Video content
- Estate Duty Act ordinarily resident yet Income Tax Non-resident.
- Exchange Control rules as of 31 July 2023.
- Estate Duty and other tax issues - 2022 tax laws and 2023 TLAB suggestions.
- Local vs Foreign Trusts - why is Namibian Trust not always the answer?
- Regulatory update - UBO and SARS IT3(T) reporting.
Competencies developed in this video
- Estate Planning for diaspora clients - rules and facts to consider by the based adviser.
- Estate Planning framework forms an Exchange Control Perspective - rules to consider.
- Compliance skills in respect of SA and foreign trusts.
- Ability to guide clients on multiple wills covering assets in various jurisdictions
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