Writing in TaxTalk, the official magazine of The SAIT, trust expert Phia van der Spuy reminds practitioners of the total trust ‘re-set’ since the beginning of 2023.
The Trust Property Control Act was amended effective 1 April 2023 to address shortcomings in beneficial ownership transparency for trusts in SA’s regulatory framework as guided by the Financial Action Task Force. Phia provides an update sets out in detail what is required.
Read this important article here.
Phia van der Spuy is a Chartered Accountant with a Masters degree in tax and a registered Fiduciary Practitioner of South Africa®, a Chartered Tax Adviser, a Trust and Estate Practitioner (TEP), and the founder of Trusteeze®, the provider of a digital trust solution.