n Personal Finance Newsletter - Do your tax sums before investing offshore : offshore investing
|Article Title||Do your tax sums before investing offshore : offshore investing|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Dec 2009|
|Pages||9 - 10|
As announced in the recent interim budget speech, the foreign investment allowance for adults over the age of 18 years has been raised from R2 million to R4 million. Because of this, many South Africans are contemplating taking advantage of this concession to invest overseas. It is therefore timely to consider the tax implications of such investments.
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