If you form your trust now, each of you can start donating R100 000 per year to the trust free of Donations Tax. If you don’t have the cash you can owe it to the trust (we would have to advise you on the detail). Then the trust can use that “money” to buy stuff from you (and wipe out the loan account).
Register a new trust
R11,500 incl. VAT
Free wills for you and your spouse. Unlimited free consultations with our CEO (see BOOK A CONSULTATION above to book), discussing the relevant issues, drafting and registering the trust deed. Acting as independent professional trustee for 3 whole months from date of purchase (subject to certain terms and conditions). Appointment as the Accounting Officer for the trust. Takes 6 to 12 weeks. Your trust will not need to be registered as a taxpayer
