Assets

During a person’s lifetime s/he will gather assets, in other words, belongings such as a house or a motor vehicle. These assets and liabilities will form part of a person’s estate. At the death of that person, his/her deceased estate

Facing the fact that your business is insolvent is not easy. One however has to identify the warning signs in order to stand a chance to save the company, or to ensure a controlled wind-down. Insolvency occurs when a business

If you have never planned your estate, perhaps now is a good time to consider it. This will be to you and your family’s benefit, as there are often hidden costs which come into effect at the time of passing,

Individuals who are residents for the purpose of the Income Tax Act, 58 of 1962, are liable for CGT (capital gains tax) on the disposal of South African and foreign assets. In addition, non-residents who dispose of immovable property in

With the current economic turmoil and more entities being under severe financial distress, business owners are all considering how to restructure in order to have a streamline enterprise in terms of both operational and cash flow models. One of the

What is a usufruct? “A usufruct provides to the usufructuary a right of use of property or assets, lifelong or for a specific period, but the usufructuary does not acquire ownership of the relevant property or assets.” Usufruct is often