Secure and Strategic Tax Planning for Trusts and Estates
Our Trust and Estate Tax department provide tailored solutions to help individuals and families manage their wealth efficiently. We assist with estate planning, inheritance tax strategies, and trust administration to ensure compliance while minimizing tax burdens. Whether you need help structuring a trust, navigating estate tax laws, or planning for generational wealth transfer, our experts offer personalized advice to protect your assets and legacy. Let us help you secure your financial future with strategic estate and trust tax planning.
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FAQs
1. How are trusts taxed in South Africa?
Trusts are taxed at a flat rate of 45% on income retained. However, distributed income is taxed in the hands of the beneficiaries at their personal tax rates.
2. What are the tax implications of receiving an inheritance?
Inheritances are generally not taxable in the hands of beneficiaries. However, estate duty may apply to the deceased estate if it exceeds the exemption threshold.
3. How can estate planning help minimize tax liabilities for beneficiaries?
Proper estate planning using trusts, structured gifting, and exemptions can reduce estate duty, capital gains tax, and administrative burdens on heirs.
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