The most significant proposals in the 2018 Budget Review
will probably affect all taxpayers in South Africa, not only those
with accumulated wealth. A number of proposals may however
particularly affect wealth planning and structures used to house
wealth. These include an increase in the estate duty rate, a
proposal to increase the official rate of interest, strengthening
of anti-avoidance rules aimed at foreign trust structures and
removing further obstacles faced by venture capital
companies.
Some of the significant changes proposed in 2018 Budget Review,
for example, the increase in VAT rate and fuel levies, are likely
to affect taxpayers across the board, rather than only those who
have built up significant wealth over the years. There are however
some amendments as well as proposals that are particularly aimed at
those taxpayer who have accumulated wealth and structures set up to
house the wealth of families. This article provides a brief
overview of these
