Exemption from #donations #tax and the net value of an estate

Exemption from #donations #tax and the net value of an estate from Thomson Wilks Inc Attorneys (Rondebosch)

By: Thomson Wilks Inc Attorneys (Rondebosch)  07-07-2015
Keywords: Law Firm, Legal Advice, attorney

Exemption from #donations #tax and the net value of an estate On 1 July 2015, the South African #Revenue Service (SARS) released Binding Private Ruling 197 (BPR 197) dealing with the donations tax consequences arising from the onward or subsequent donation of funds received by way of a donation from a foreign source. BPR 197 further deals with the estate duty consequences that will apply in the event of the foreign sourced funds being retained or used to acquire property that is located and remains outside South Africa.

Keywords: attorney, Corporate Law, Law Firm, Legal Advice, Litigation Attorney

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