Tag Archives: Assets

The death of a shareholder: what happens next?

A shareholder can be defined as a person, whether natural or juristic, who owns shares or stock in a company. A person can be a sole proprietor or owner of 100% of the shares, or a part shareholder where for … Continue reading

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THINKING OF SELLING AN ASSET?

What happens when you sell an asset?When you sell or dispose of an asset, you either realise a profit or a loss from the exchange. When you realise a profit, you are subject to pay capital gains tax (CGT) on … Continue reading

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KEY QUESTIONS ON ESTATE PLANNING

Estate planning is like backache – sometimes you need alignment. Tiny Carroll*  /  19 June 2012 09:01 I often say to clients that “Estate planning is like dealing with a backache – sometimes all it requires is a visit to the chiropractor for … Continue reading

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THE COMPANIES ACT’S SOLVENCY AND LIQUIDITY TEST

A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that time: (a) the fair value of the assets of the company equal or exceed the fair value of its liabilities; … Continue reading

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10 FINANCIAL TIPS FOR SMALL BUSINESSES

In the current economic climate effective management of your business’s finances is more important than ever. The following tips will assist you in managing the finances of your business effectively: Keep a record of your transactions Be sure to always … Continue reading

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SO WHAT IS THE FUTURE OF TRUSTS?

One of the questions that we are most confronted with by our clients is what the future of trusts are in South Africa. Some questions even point to the misconception that the trust instrument itself as legal form is on … Continue reading

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SOME POINTERS FOR PLANNING YOUR ESTATE

The main aim of planning your estate is to ensure that as much of the accumulated wealth is utilised for your own benefit and for the maximum utilisation of dependents on your death. “Estate planning” has been defined as the … Continue reading

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