by Wessels + Van Zyl Inc | Jun 25, 2026 | Tax, Trusts
Trusts remain a valuable estate planning and asset protection tool, but they also carry ongoing compliance obligations. Many trustees assume that a dormant trust with no income, assets, or activity can simply be left alone. SARS has made it clear that inactivity does not remove a trust’s compliance obligations. With penalties now being imposed for outstanding trust returns, dormant trusts may be attracting more attention than their trustees realise.
by Wessels + Van Zyl Inc | May 26, 2026 | Property, Tax, Wills and Estate Planning
“I can’t afford to die; I’d lose too much money.” (George Burns, comedian) At the heart of any estate plan lies your will. Pair it with a file containing all the information and documents that your executor and heirs will need to wind up your estate, and...
by Wessels + Van Zyl Inc | Mar 2, 2026 | Personal Finance, Property, Tax
“We are also proposing additional tax measures to ease the financial burden on households and businesses, by adjusting personal income tax brackets and rebates fully in line with inflation.” (Minister of Finance Enoch Godongwana) How much will I save if I sell my...
by Wessels + Van Zyl Inc | Mar 26, 2025 | Personal Finance, Property, Tax
“Good in parts” (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying sells for less than the set threshold. The threshold wasn’t increased last year, so this year’s proposed 10% increase from...
by Wessels + Van Zyl Inc | Feb 26, 2024 | Personal Finance, Tax
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. The unchanged transfer duty and tax tables, with a note on fiscal drag Unchanged from last year, so taxpayers can breathe a sigh of relief that...
by Wessels + Van Zyl Inc | Feb 24, 2023 | Tax
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the tax tables below for the new tax rates and comparisons with last year’s rates – View Source...
