Forming a Trust in South Africa: Which Type Suits You?
What is a trust? The answer may seem obvious, but in practice, many people get confused as to exactly what a trust is and what such a structure is meant for. In this article, we examine the various types of trust recognised under the South African common law, as well as where the Income Tax […]
Trustees required to capture “Beneficial Owner” details
Trustees are now required to capture “Beneficial Owner” details on the Master’s Portal An important update regarding the amended Trust Property Control Act, Act 57 of 1998 (TPCA) was gazetted on Friday, the 31st of March 2023, with an effective date of 1 April 2023. Trustees and trust service providers are now required to capture […]