Category Archives: Trusts and Tax

The capital gains tax consequences of resident trusts

INTRODUCTION When one considers creating a trust regard must be had not only to the reason why a trust is chosen as a vehicle as apposed to a partnership company or close corporation but also to the provisions relating to capital gains tax income tax donations tax value added tax (VAT) estate duty and transfer duty. The introduction of Capital Gains Tax (CGT) on 1 October 2001 complicated the use of trusts from a fiscal point of view. The following issues are discussed in this…

Read More »