n Personal Finance Newsletter - Forming a trust : different types : trusts
|Article Title||Forming a trust : different types : trusts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Feb 2008|
|Pages||9 - 10|
What is a trust? The answer may seem obvious, but in practice many people get confused as to exactly what a trust is, and what such a structure is meant for. In this article, we examine the various types of trust recognised under the South African common law, as well as where the Income Tax Act fits in.
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