n Tax Breaks Newsletter - Questions & answers

Volume 2005, Issue 239
  • ISSN :



Extracted from text ... QUESTIONS & ANSWERS Q. I am a long-time subscriber and would appreciate your help with this problem, which I am sure will apply to many other readers as well. I have been granted the exchange control amnesty, been assessed and paid my taxes for 2003 and 2004. The point is that the monies are in an overseas trust. The trust deed empowers the trust to distribute (assets) money to another trust. Therefore it can send money to my South African trust. As I have paid my 2 per cent amnesty levy and now my taxes, what is left overseas ..

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