Restructuring Ownership of Businesses
I had a query from an accountant seeking assurance that the transfer of a business from an individual to a company, the shares which were owned by a trust, of which the individual was the only beneficiary, on the basis that there was no change in beneficial ownership. Unfortunately, the rule is not as cut […]
Transferring a Farm
We recently had a query about a mother who wishes to transfer a farm to her daughter. There are transfer duty exemptions for transfers of farming property to relations, including trusts of which relations are beneficiaries, as long as no one other than family members are the beneficiaries. The exemption is not available if the […]