Investing in a Child’s Name? They Gain, You Pay
The reasons for putting an investment in a child’s name may well be altruistic, but it could backfire when it comes to tax. I can’t believe it’s been 13 years since my wife and I were thinking about our son starting high school. With me at seminary at the time, training to enter the Methodist […]
Capital gain: Calculating your foreign currency
With the fast approaching 2019 tax season, taxpayers who have realised a capital gain in a foreign currency should take note of the special rules that apply to the translation of those gains to Rand. Generally, there are two ways of translating a capital gain or loss into Rand – a “simple method” and a […]