SA Tax For Non Residents
Discussion
I have posted a imilar thread in The Pie and The Piston:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
I am looking for advice on any tax that may be payable on an inherited property in SA by a UK resident.
At present my parents-in-law are looking at equity release in SA but with interest rates and the fact that we are nicer than the banks should there be a future problem we are thinking of giving them money instead. This would effectively be to secure the property instead of the bank at time of death, (morbid I know but it was their idea).
My question is what are the inheritance tax, transfer duty and CGT liabilities on inheritance of SA property by a non SA resident?
Thanks in advance.
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
I am looking for advice on any tax that may be payable on an inherited property in SA by a UK resident.
At present my parents-in-law are looking at equity release in SA but with interest rates and the fact that we are nicer than the banks should there be a future problem we are thinking of giving them money instead. This would effectively be to secure the property instead of the bank at time of death, (morbid I know but it was their idea).
My question is what are the inheritance tax, transfer duty and CGT liabilities on inheritance of SA property by a non SA resident?
Thanks in advance.
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