The unintended consequences of offshore trusts – an SA-UK perspective
The South African government has been targeting offshore trusts with a renewed vigour in recent years, attempting to bring them into the tax loop as much as possible.
The South African government has been targeting offshore trusts with a renewed vigour in recent years, attempting to bring them into the tax loop as much as possible.
Just when wealthy South Africans thought they’d absorbed all the blows, hidden in the fine print of SA’s Budget 2017 was a bombshell that is about to hit creators of offshore trusts really hard.
A year ago Apple did not feature as one of Berkshire’s 15 biggest shares, today it’s the second biggest, behind Wells Fargo. Apple is also one of the top three holdings in the Biznews Global Portfolio.
A bombshell hidden in the detail of the 2017 Budget review relates to the taxation of offshore trusts.
Carrick Wealth offers advice on protecting one’s wealth, growing it and finding security in offshore trusts and international retirement plans.