Tax

Taxpayers are frustrated by the courts’ reluctance to hear reviews in tax matters.

SCA overturns high court finding and sends Absa back to the beginning.

Is transferring my house to my eldest son as a living inheritance an option?

You could contribute the full proceeds to your retirement annuity, or only contribute the maximum tax deduction and put the rest into another investment solution.

Some of the more affordable emigration options.

Will I pay more tax if I withdraw interest from the fund before it is older than a year?

The death benefit of an RA is taxed in the hands of the deceased and will not affect your own exclusion.

The share belonging to the surviving spouse is indisputable, but they are not automatically entitled to the entire estate.

As Sars continues to scrutinise non-compliance, whether done intentionally or not, means repercussions.

Efforts to reduce massive backlogs underway.

Government interventions tend to ignore problems such as dysfunctional railways and ports, crumbling road infrastructure, and the electricity crisis.

Revenue collections from biggest contributors driven downwards.

Over the next three years, Sars is short of anywhere between R16bn and R23bn, notes Commissioner Edward Kieswetter.

You have three options, however, your choice will depend on your financial circumstances, immediate needs, and long-term goals.