Let’s suppose that your parents are both 65 years old.
They own
Should they form a trust?
Let’s assume that
It is interesting that, although it is the buyer who pays the conveyancing fees, it is the seller who is entitled to choose the conveyancer.
Now, let’s say that you are a property investor and you have a good relationship with a particular conveyancer.
As an experienced investor you don’t care wh...
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A couple who booked a meeting with me were not sleeping at night because they had been doing more than R1m a year turnover from their two multi-unit AirBnB premises and they weren’t VAT registered.
What does the law say about this?
This question is only relevant when the liability date could fall either into the previous tax year or the new tax year of the seller.
Let’s say that the seller’s tax year ends on 28 February.
The Offer to Purchase was signed by both parties on 15 January 2023.
The supensive clauses were satisfie...
Generally, when you appoint an Independent Professional Trustee, you can dump them anytime you want, because the Trust Deed says that the majority of trustees can remove a trustee (except that they cannot remove you).
However, what if there are only 2 trustees, you and the professional? Again, th...
There are so many things that can go wrong with a trust deed that I devoted a whole chapter to this in my book “16 Steps to Wealth”
Here are a few of them –
I have been having trouble trying to open Shutterstock.com. My IT lady spent a lot of time trying to sort it out and eventually gave up, so I Googled the problem, specifically referring to Shutterstock.
It turned out that mine was not the only instance. In fact I got to a Shutterstock message sta...
The General Laws (Anti Money Laundering and Combating Terrorism Financing) Amendment Act was a futile attempt to avoid our being grey listed. It became law in December 2022 and requires that all companies submit their Beneficial Ownership return to CIPC, and to re-submit whenever this information...
Evidently about mid 2022 SARS posted a letter onto it’s website advising anybody that was lucky enough to stumble on it that it had set up a new platform for import and export licenses.
It advised traders that they must migrate to the new platform (they called it “onboarding”)
Of course, nobody s...
