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Offshore Tax Planning options for a SA Tax Resident

April 30 @ 3:00 pm - 5:00 pm

Many South African residents want to make use of tax planning options to minimise their South African tax consequences. Proper structuring is necessary to ensure that the most efficient options are made use of. If not, taxpayers might be faced with problems and unexpected tax consequences in future. Structuring should not only take the current tax savings and benefits into account when structuring, but also the future tax that could arise in subsequent periods. A holistic and long-term perspective is important in choosing the best tax planning option.

The first webinar in this series of three webinars will be taking place on 30 April. The session will concentrate on the use of an offshore trust to create an international estate plan to hold investments and passive growth assets. This webinar will also address how to terminate SA tax residency as an ultimate personal tax plan. This webinar will cover the following:
The process of how to set up an offshore estate plan (using an offshore trust or foundation) to protect and shelter tax in SA whilst remaining SA tax resident
Explaining the correct role of the SA settlor, the foreign trustees, a Protector, and the SA beneficiaries
Explaining the limited tax benefits associated with an offshore trust where conservative long-term capital growth is the objective (such as unit trusts or holding foreign residential property)
Protocols regarding how the trust and underlying companies that it controls should function, identifying the benefits and disadvantages
How to fund an offshore trust and conduct investment activity in compliance with SA tax and exchange control
Explaining the SA tax rules affecting an offshore trust and distributions to SA beneficiaries
The protocols and tax planning issues involved with repatriating funds back to SA
Exploring the ultimate personal tax pan: Terminating SA tax residency, illustrating the choice of Mauritius as a viable tax residency location
Identifying key SA exchange control restrictions if SA residency (in terms of exchange control rules) is retained, illustrating the benefits of financial emigration
Understanding the Common Reporting Standard and the transparency of information sharing with SARS

PRESENTER

MARK ANDREW KORTEN
(B.Comm. LLB. H.Dip Tax)

COSTS

Webinar:
SAIT member: R395
Other members: R475
Company Price: R950

CPD

This event and successful completion of the online assessment will
secure 2 hours verifiable output Tax CPD points.

DATES

30 April
03 June
08 July

TIME: 15:00 – 17:00

Organizer

Tax Faculty
Phone:
0129410400
Email:
cpd@taxfaculty.co.za
Website:
https://sait.site-ym.com/events/EventDetails.aspx?id=947838&group=

Organizer

Tax Faculty
Phone:
0129410400
Email:
cpd@taxfaculty.co.za
Website:
https://sait.site-ym.com/events/EventDetails.aspx?id=947838&group=