South African tax resident individuals may consider, whether for estate planning purposes or otherwise, to advance funds to offshore trusts for investment abroad.
South African residents can now invest up to R2 million abroad, and a question that is often asked is: What are the tax and exchange control consequences where the foreign investment allowance is placed in an offshore trust?
The ongoing Finance Indaba in Johannesburg demonstrates that there remains significant interest in investment in Africa beyond the mining and natural resources sectors...