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An investigation into the future of discretionary trusts in South Africa - an income tax perspective

dc.contributor.authorBrink, Sophia M.en_ZAe
dc.contributor.authorWillemse, Leonarden_ZA
dc.date.accessioned2018-07-18T08:43:18Z
dc.date.available2018-07-18T08:43:18Z
dc.date.issued2014-10
dc.identifier.citationBrink, S. M. & Willemse, L. 2014. An investigation into the future of discretionary trusts in South Africa – an income tax perspective. Journal of Economic & Financial Sciences, 7(3):795–616.en_ZA
dc.identifier.issn2312-2803 (online)
dc.identifier.issn1995-7076 (print)
dc.identifier.urihttp://hdl.handle.net/10019.1/104161
dc.descriptionCITATION: Brink, S. M. & Willemse, L. 2014. An investigation into the future of discretionary trusts in South Africa – an income tax perspective. Journal of Economic & Financial Sciences, 7(3):795–616.
dc.descriptionThe original publication is available at https://jefjournal.org.za
dc.description.abstractTrusts have long been associated with elaborate tax avoidance schemes, primarily as a result of their flow-through nature. In the National Budget the Minister of Finance indicated that the government was proposing several legislative measures during 2013/2014 regarding trusts to control abuse. At this stage the proposals are vague and confusing, but it is intimated that the conduit pipe principle may be under review as the proposals state that trusts should no longer act as a flow-through vehicle, meaning that the amounts distributed to the beneficiaries will no longer retain their original identity. The main objective of the research was to clarify the proposed changes to the taxation of trusts, to investigate the potential impact(s) of these proposals (albeit unclear and consequently based on certain assumptions), and to assess whether discretionary trusts still have a future in South Africa given these proposals. In order to meet this objective, a qualitative approach based on a literature study of pure theoretical aspects was used. It was found that should the proposals become law the beneficiaries will be worse off.en_ZA
dc.description.urihttp://hdl.handle.net.ez.sun.ac.za/10520/EJC164675en_ZA
dc.format.extent22 pages
dc.language.isoen
dc.publisherAOSISen_ZA
dc.subjectDiscretionary trusts -- Taxation -- South Africaen_ZA
dc.subjectTrusts and trustees -- Taxation -- South Africaen_ZA
dc.subjectIncome tax -- South Africaen_ZA
dc.titleAn investigation into the future of discretionary trusts in South Africa - an income tax perspectiveen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's versionen_ZA
dc.rights.holderAuthors retain copyright


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