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Categories
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
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
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
Posted in Estate Planning
Tagged Assets, Beneficiaries, Pension Funds Act
Comments Off on KEY QUESTIONS ON ESTATE PLANNING
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
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
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
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
Posted in Property
Tagged Assets, estate, Executorship
Comments Off on SOME POINTERS FOR PLANNING YOUR ESTATE