Should I purchase in my name, a trust or in a company?
Normally you will purchase the property in your own name, although you may wish to consider purchasing in the name of a trust or a company. It is advisable to engage the services of your legal advisor and/or tax practitioner to explore the potential legal and tax implications of purchasing in your personal name, a trust or via a juristic person. Each person’s financial circumstances differ and therefore it is not always possible to provide generic advice. There are, for example, various tax implications involved in each of the possible options, and differing effective rates of capital gains tax for trusts, companies and individuals. There are also various legal implications when an individual, shareholder or trustee (where applicable) passes away.
Robert Ferrandi | Managing Partner
Areas of Expertise: Property Law & Conveyancing
Carl Burger | Partner
Areas of Expertise: Property Law & Conveyancing
Michelle van Wyk | Partner
Areas of Expertise: Property Law & Conveyancing
Lisa Visagie | Partner
Areas of Expertise: Property Law & Conveyancing
Ronél Els | Partner
Areas of Expertise: Property Law & Conveyancing