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In recent developments, the South African Revenue Service (SARS) has taken a firmer stance on enforcing personal liability in relation to tax debts, as evidenced by the recent court case of Pather v Commissioner for the South African Revenue Service

Introduction Prescription, as a legal principle, operates to extinguish a debtor’s obligation to pay a debt after a specified period has elapsed. This principle holds unless the debtor has acknowledged their liability within that timeframe. In the

A true story about paying it forward and a very cool life and business philosophy  The heading is a famous saying in sales, meaning that the relationship with the customer is more important than the immediate sale.

The term “voetstoots“, derived from Dutch and meaning “as is”, is a common legal term in South African property law. In property sale transactions, the principle implies that the property is sold in its current condition, with

Do you have a valid will in place? When was the last time you ensured that the original will is on file? (The Master of the High Court does NOT accept copies of wills). Who have you

For South Africans living abroad, it is imperative to address your tax situation with the taxman proactively. Since the controversial amendment to Section 10(1)(o)(ii), known as the Expatriate Exemption, took effect on 1 March 2020, a pressing

In an attempt to remove uncertainty regarding the determination of fair value, we always recommend that agreed valuation provisions be included in a shareholders’ agreement, memorandum of incorporation or other constitutional documents. As a minimum, such provisions

Investments from R5,000 to R36,000 per year. To select the funds that suit your needs, speak to your financial adviser. You will get a penalty if you invest more than R36,000 in the year.

These principles apply to a marriage out of community of property with accrual: Both spouses have separate estates when they get married and don’t share profits or losses during the marriage. They are basically in the same

Make sure that your affairs are in order. Many South Africans are living and working abroad these days. Many of us have friends and family overseas and emigration is a common topic these days. Many who leave

“I’m buying my first property. I’m quite nervous about everything and a friend of mine who is a conveyancer said she would help me with the transaction. However the seller is refusing and insisting that his attorneys

SARS are getting tough on these requests. If the information is not given to them by the due date, they can issue as revised assessment that I can’t object to. A revised assessment can mean that SARS