Archive for October, 2009

Moving property into a trust using a usufruct

What are the transfer duty and capital gains tax implications of moving property into a trust? Movable assets (furniture, vehicles, clothes) can be moved into a trust by selling it to the trust or donating it to the trust. Moving property into a trust is however not that simple, as transfer duty and capital gains [...]

Banks versus clients’ best interests

Banks, we just love to hate them – especially in South Africa where banking costs are so high. Despite this hatred banks remain very profitable businesses. I would like to highlight a few of their questionable business practices. Questionable because I am not convinced that they are in clients’ best interests. Minimum payments on credit [...]