09 June 2022
1640
When: Thursday the 14th of July 2022
Time: 10 am (one hour)
Where: ZOOM, Join Zoom Meeting
https://us02web.zoom.us/j/83777750055?pwd=UXZZMEhqbkhqTmw2eS9oQWRUNWRKZz09
Topics of discussion:
- What is a Trust, the basics?
- What is the IT number of a Trust?
- Is it a good idea to buy a property in a Trust?
- What are the advantages/disadvantages of buying a property in a Trust?
- What are the “consequences” if a Trustee pays the bond with his own money?
- What are the “consequences” if a Trustee uses his own money to buy a property in a Trust?....ie. Loan account….donation tax etc.
- Can Trustees sign surety when buying a property in a trust?
- What is the difference between personal tax (%) and tax (%) on a Trust?
- Is there a difference in terms of TRANSFER DUTY when buying a property in your personal name or a Trust?
- The differences in capital gains Tax between an individual and a Trusts when a property is sold.
- When buying or selling a property do all the Trustees have to agree to it?..... What is a Resolution and how does that compare to a Power of Attorney?
- Do all the Trustees have to sign a sale agreement?
- What if one or more of the Trustees refuse to sign such an agreement or if he/she disagree with buying/selling a property?
- What is a TRUST DEED is and why it is so important to always know what is in the Trust Deed i.e. the rules if Trustees disagree on a sale/purchase of a property?
- When a Trustee passes on, will it have any effect on the Trust itself?
About the speaker:
Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology. Phia writes about trusts and estate planning in various national newspapers on a regular basis to educate and enlighten estate owners. She also recently published the second edition of her book called “Demystifying Trusts in South Africa” to educate all role players in a trust.
Who to attend:
- Estate agents
- Landlords and
- Investors