Sunset clause of VCC – what happens at the end?

Section 12J was inserted into the Income Tax Act No. 58 of 1962 to provide a tax incentive to investors of qualifying venture capital companies (“VCC”). The intention of the section 12J incentive was to provide the investor with an upfront tax deduction in respect to expenditure incurred in exchange for VCC shares while also […]

Who needs a Will and the importance thereof

To have a will? Or to not have a will? That is the question. No, not really, whether you are twenty-one or ninety-one, in your first job or final stages of retirement, married or unmarried, have children or don’t have children, if you have no dependants or many dependants, the moment you own assets you […]

Is your Last Will testament to your last wishes?

Covid-19 has caused many people to confront death in a way that’s jolted them to action. The pandemic has focused most people’s attention on the possibility of passing away and getting their proverbial “house in order”. In the past year, ASL has seen a significant rise, of about 27%, in customers reaching out to obtain […]

Spesiale aanbod: Is jou familie gewaarborg tot sekerheid?

In die warboel van die COVID-19 pandemie is die wêreld steeds in onsekerheid gehul. Dit blyk ook dat die pandemie nie binnekort tot ‘n einde gaan kom nie. Daarom, veral in tye soos die, is dit noodsaaklik om sekerheid te midde die onsekerheid te vind deur ‘n geldige testament op te stel. Is jou familie […]

Die Boedeladministrasieproses

Die administrasieproses van ‘n boedel met ‘n bruto waarde van R250 000 of meer, word uiteengesit in die Administration of Estates Act, 66 of 1965, waarvolgens ‘n Eksekuteur die volgende voorgeskrewe vereistes moet nakom: Rapportering van boedel en aanstel van Eksekuteur 6 tot 10 weke Nagaan en goedkeuring van die Likwidasie- en Distribusierekening deur die […]