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Breaking news …..

SKYPE: hugo.van.zyl

Hugo van Zyl Contact Detail

 

Breaking news….

  1. New office numbers as of July 2014, for now use mobile number or the following SKYPE numbers
  • USA                   – + 1 818 924 5001
  • UK                     –  + 44 20 3239 7756
  • South Africa  – 021 813 9775 / 012 743 6564 or mobile above
  1. ATO Amnesty for offshore trusts – that is your SA Trust’s come out of jail card
  2. Just Do IT – The ATs’ Australian Campaign re offshore assets not fully disclosed
  3. Retired and living outside South Africa – think twice before your emigrate as your SA pension is now freely transferable i.e. neither a tax clearance nor a formal emigration is required. Pensioners Freedom

“PROJECT DO IT” MAY BE YOUR COME OUT OF JAIL CARD FOR SA EXPATS IN AUSTRALIA

hugovz@iafrica.com

hugovz@iafrica.com

DO IT BEFORE 19/12/2014 = FORMALLY EMIGRATE NOW AND WRAP UP YOUR SA TRUST SOONEST

IT’S A MATTER OF TIME SA TRUST BENEFICIARIES LIVING IN AUSTRALIA WILL BE HARSHLY TREATED AS TAX CHEATS WARNS THE ATO.

The ATO (the Australian Taxation Office) recently announced and published significant PROJECT DO IT information on the tax amnesty for foreign assets held in own or trust / entity name.

As of 1 March 2014, South Africans can now emigrate or exit their SA private company to be owned directly below an Australian trust or even better below an Australian Hold Co, either owned by an Australian trust or in certain cases as a subsidiary of a self managed Super.

More detail can be found on the more recent blog – just follow the link

Hugo may not advise on the Australian structure yet can ensure the trust is properly dissolved (where advisable and legal). I am Hugo van Zylquite willing to run this past the various families and what is important to IRM’s is that most South Africans in Australia incorrectly reported in SA and Australia i.e. they may need to do a VDP (voluntary disclosure or amnesty like) application in South Africa before or simultaneously with the ATO’s project DO IT.

Where there is a tax refund in SA, VDP will not be applicable as VDP is only where there is a tax due on revision or update.

Feel free to contact me should have questions.

See Me On TaxConnections

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