Page 78 - Trusts & International tax class slides

TRUSTS

Remember

• A donation of property triggers donations tax. When a

person dies, it implies that someone else will enjoy the

assets and that the property will be transferred to

another person. This event triggers Estate Duty. Both

taxes are a tax on the transfer of property (wealth

taxes).

• Death and donation are events for CGT-purposes.

• Section 7(2) to 7(8) applies to all donations and not

only to donations to trusts.

• The attribution rules in terms of the Eighth Schedule

apply to all donations and not only to donations to

trusts.

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