Tuiskantoortoelaes: Die effek op kapitaalwinsbelasting
Die eerste R2 miljoen van ‘n kapitaalwins of -verlies met die verkoop van ‘n primêre woning moet vir kapitaalwinsbelastingdoeleindes (KWB-doeleindes) buite rekening gelaat word. Dit beteken dat indien die opbrengs ten opsigte van die verkoop van ‘n primêre woning R2 miljoen of minder is, die kapitaalwins buite rekening gelaat moet word. Indien ‘n primêre woning […]
Wills and divorce
The topic of divorce is a sensitive one and, given the emotional impact a divorce has on all parties involved, it is often seen as a topic to be avoided at all costs. However, avoiding the challenging topic at all costs may have a significant (monetary) cost should one of the parties to the divorce […]
Budget 2022: Reduction in the corporate tax rate – The good and the bad
During the 2022 Budget Speech, the Minister of Finance announced that the corporate tax rate will be reduced from 28% to 27% with effect for years of assessment ending on or after 31 March 2023. While the reduction in the corporate tax rate is welcomed and may, to some extent, bring South Africa in line […]
Begroting 2022: Verlaging in die korporatiewe belastingkoers – Die positiewe en negatiewe impak
Tydens die 2022-begrotingsrede, het die Minister van Finansies aangekondig dat die korporatiewe belastingkoers van 28% tot 27% verlaag sal word met effek op jare van aanslag wat op of na 31 Maart 2023 eindig. Terwyl die verlaging in die korporatiewe belastingkoers verwelkom word en gevolglik Suid-Afrika tot ‘n mate in ooreenstemming met die internasionale standaard […]
Foreword
The continuing conflict between Russia and Ukraine, the impact of COVID-19, and the US monetary policy review, were among the many factors that affected world markets in the second quarter of this year. South African consumers have suffered due to factors such as high inflation, increased fuel prices, and diminished investment returns. When times like […]
Voorwoord
Die voortgesette konflik tussen Rusland en Oekraïne, die impak van COVID-19 en die Amerikaanse monetêrebeleidsoorsig, is van die vele faktore wat wêreldmarkte in die tweede kwartaal van hierdie jaar beïnvloed het. Suid-Afrikaanse verbruikers het swaargekry weens faktore soos hoë inflasie, verhoogde brandstofpryse en verminderde beleggingsopbrengste. Wanneer tye soos hierdie opduik, word die Benjamin Franklin-aanhaling “out […]
Utilising Budgeting as a Control Mechanism
Two things business owners learnt fast over the last couple of years: one, they cannot always be in control, two, they are certainly much more at the mercy of unexpected challenges than they ever thought. Control, which is the power to direct or to have influence over something, provides that safe space in which most […]
Home leasing – The effect on Capital Gains Tax
The first R2 million of a capital gain or capital loss on the disposal of a primary residence, must be disregarded for capital gains tax (CGT) purposes. This means that if the proceeds regarding disposal of a primary residence are R2 million or less, the capital gain must be disregarded. However, suppose a primary residence […]
Funding 2.0 | How access to finance is changing
It is no secret that SME’s are the most significant contributor to economic growth and job creation in South Africa. However, their importance notwithstanding, SMEs are confronted with significant obstacles which hinder them from thriving! The most significant barrier is access to funding to scale up, and expand businesses on their growth trajectory. The attention of business […]
The Importance of Appointing a Professional Executor
The importance of appointing a professional executor in your last will and testament should never be underestimated. Understandably, we all want to appoint a person who will not unnecessarily burden the estate with high executor’s fees. Unfortunately, it has been shown repeatedly in practice that the value of a professional executor is priceless.\ What is […]