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A comparison of tax legislation of trusts between South Africa and the United States of America on emigration
Dissertation (MCom)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613523050233856 |
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| access_status_str | Open Access |
| author2 | Stark, K. |
| author_browse | Stark, K. |
| author_facet | Stark, K. |
| collection | Thesis |
| dc_rights_str_mv | © 2012, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30660 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:29.889Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30660 A comparison of tax legislation of trusts between South Africa and the United States of America on emigration Stark, K. Cronje, M. Lottering, Natasia UCTD Dissertation (MCom)--University of Pretoria, 2012. An estimated 81 142 South Africans emigrated to the United States of America in 2010 (The World Bank, 2010). If only one of these emigrants were a creator, donor or beneficiary of a South African trust, then it is important to determine the tax implications both in South Africa and the United States of America for the creator, donor or beneficiary. In South Africa, the income and gains of the South African trust will be taxed in the hands of the donor, beneficiary or the trust itself. But, in the United States of America, the tax consequences could get rather complicated. The main purpose of this study was to make a theoretical comparison of the tax consequences of South African trusts both in South Africa and the United States of America and determine the effect of the emigration of the South African donor and/or beneficiaries to the United States of America. Based on the literature reviewed, the donor will be taxed in South Africa if a donation, settlement or other disposition was made, the beneficiary will be taxed if he/she has a vested right to income and no donation, settlement or other disposition was made and the South African trust will be taxed on any taxable income retained in the trust that is not taxable in the hands of the donor or beneficiary. In the United States of America, the South African trust will be liable for tax depending on its status as a business, investment or ordinary trust and furthermore on its status as a grantor or non-grantor trust. Taxation Unrestricted 2013-09-09T07:23:05Z 2012-05-18 2013-09-09T07:23:05Z 2012-04-16 2012-05-18 2012-03-06 Dissertation Lottering, N 2012, A comparison of tax legislation of trusts between South Africa and the United States of America on emigration, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03062012-124912/ > F12/4/148/gm http://hdl.handle.net/2263/30660 http://upetd.up.ac.za/thesis/available/etd-03062012-124912/ © 2012, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title | A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title_full | A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title_fullStr | A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title_full_unstemmed | A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title_short | A comparison of tax legislation of trusts between South Africa and the United States of America on emigration |
| title_sort | comparison of tax legislation of trusts between south africa and the united states of america on emigration |
| topic | UCTD |
| url | http://hdl.handle.net/2263/30660 http://upetd.up.ac.za/thesis/available/etd-03062012-124912/ |