And the scoreboard reads:
#financialemigration 0 (failed)
Eventually, we have SARS buy-in and confirmation that formal emigration is not a tax act process.
Yes, SARS punched the punters of financial emigration, a bloody if not deadly blow! Continue reading “#taxmigration vs. #financialemigration”
My other blog –cross border tax
The Sake24 Article on RA’s
Having read the very informative article one is left wanting some more facts on the deemed C G T (capital gains tax) on the assets not sold, yet left behind. The one nice thing as that CGT on immovable property is always payable on actual sale only!
No need to bond the immovable property to pay its taxes, but you may need to cash n a few shares or mutual funds!
More information on request