by Solaris Law | Oct 26, 2026 | News
For 10 years Company X has owned an office block in South Africa. Company X leases offices in the block to commercial tenants. In tax year 1, Company X sells the property to Company Y for a profit. The sale is not subject to any suspensive conditions. The sale...
by Solaris Law | Oct 9, 2026 | News
It would replace the Trust Act, not merely amend it. The Bill proposes repealing the Trust Act and replacing it with a substantially more detailed regulatory framework. Among its objectives are strengthening trustee accountability and the Master’s oversight...
by Solaris Law | Aug 16, 2025 | News
Individual The benefits of holding property in your own name are the following: Individuals pay capital gains tax (CGT) at a relatively low maximum effective rate of 18%. If the property is your “primary residence”, the first R2 million of the capital gain arising on...
by Solaris Law | Aug 7, 2025 | News
An offshore trust is a powerful financial and estate planning tool for South Africans wanting to protect and grow their wealth in a globally compliant and secure manner. Here are seven compelling reasons why this strategic decision may be worth considering: Asset...
by Solaris Law | Aug 4, 2025 | News
The “old school” skills that make up a good lawyer are more important than ever in light of the increased use of artificial intelligence-powered tools like ChatGPT. Since its launch in late 2022, ChatGPT (which, by the way, stands for Chat Generative Pre-trained...
by Solaris Law | Jul 25, 2025 | News
If you are faced with a technical tax matter, being proactive and seeking professional advice early can prevent penalties down the line. SARS is entitled to impose significant understatement penalties if, among other things, there are “[n]o reasonable grounds for...
