How to Wind Up a Deceased Estate
Winding up an estate in South Africa is a meticulous process governed by the Administration of Estates Act 66 of 1965. It involves the collection and distribution of a deceased person’s assets, settling debts, and ensuring that the estate is managed according to the law and the deceased’s wishes. This article outlines the steps involved […]
Beneficial Ownership in South African Trusts: Recent Developments and Regulations in 2024
The concept of beneficial ownership in trusts within South Africa has undergone significant changes, particularly with new regulations coming into effect in 2023 and 2024. These changes aim to improve transparency in trust management and ownership, aligning with international standards to combat financial crimes like money laundering and tax evasion. Key Legislative and Regulatory Changes: […]
Tax compliance lives beyond death
A deceased estate takes on a (tax) life of its own while being wound up I STARTED my first job back in September 1987 at the tender age of 18, and approximately nine months later I received my very first income tax return from the Receiver of Revenue (as SARS was known in those days), […]