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Hit-and-run Motor Vehicle Collisions

02 May 2024,  Sinethemba Mashego

Hit-and-run motor vehicle accidents are governed by section 17(1)(b) of the Road Accident Fund Act 56 of 1996 read with Regulation 2.  

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47
Article

Quick Step Guide for after-care in a Car Collision

02 May 2024,  André Styger

Here are some general steps and guidance you might consider taking after a car collision. Keep in mind that laws... can vary depending on your location, so it's crucial to consult with a legal professional in your jurisdiction for advice tailored to your specific situation. Here are some general steps you might consider:

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67
Article

Subrogation in Motor Vehicle Accidents.

02 May 2024,  Dries Knoetze

“I was involved in a motor vehicle accident, nothing serious, my vehicle just got damaged. I have comprehensive insurance for... motor vehicle accidents, which is going to cover the damages to my vehicle, I must however pay an amount of R3500.00 as excess. Will my insurance company sue the negligent driver for the damages and will this include the excess paid by me?”  

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68
Article

Who is responsible for damages to my vehicle when hitting an animal on South African Roads?

02 May 2024,  Crystelle Steyn

Encountering an animal on the road while driving can be a frightening experience, not only for the safety risks involved... but also for the potential damage it can cause to your vehicle. In South Africa, where wildlife and domestic animals may roam freely in certain areas, understanding who bears responsibility for vehicle damage in such situations is essential.

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58
Article

Hit-and-run Motor Vehicle Collisions

02 May 2024,  Sinethemba Mashego

Hit-and-run motor vehicle accidents are governed by section 17(1)(b) of the Road Accident Fund Act 56 of 1996 read with Regulation 2.  

READ MORE
47
Article

Quick Step Guide for after-care in a Car Collision

02 May 2024,  André Styger

Here are some general steps and guidance you might consider taking after a car collision. Keep in mind that laws... can vary depending on your location, so it's crucial to consult with a legal professional in your jurisdiction for advice tailored to your specific situation. Here are some general steps you might consider:

READ MORE
67
Article

Subrogation in Motor Vehicle Accidents.

02 May 2024,  Dries Knoetze

“I was involved in a motor vehicle accident, nothing serious, my vehicle just got damaged. I have comprehensive insurance for... motor vehicle accidents, which is going to cover the damages to my vehicle, I must however pay an amount of R3500.00 as excess. Will my insurance company sue the negligent driver for the damages and will this include the excess paid by me?”  

READ MORE
68
Article

Who is responsible for damages to my vehicle when hitting an animal on South African Roads?

02 May 2024,  Crystelle Steyn

Encountering an animal on the road while driving can be a frightening experience, not only for the safety risks involved... but also for the potential damage it can cause to your vehicle. In South Africa, where wildlife and domestic animals may roam freely in certain areas, understanding who bears responsibility for vehicle damage in such situations is essential.

READ MORE
58
Article
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Filter: Tax
Is the interest-free loan to a trust dead?

08 March 2017

For estate planning purposes a few years ago I moved some of my assets into a family trust and financed... the disposal to the trust with an interest free loan in my name. I understand that recent tax amendments will now impose unfavourable tax consequences on me in relation to this interest free loan. Is this true?

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539
Article
Reaping the benefits of empowering your employees

09 November 2016

I am the owner of a construction business. In our industry skills development is very important and I invest where... possible in training my staff. I understand that if I allow my staff to take up learnerships through my company there are certain tax benefits that I can use to help cover the costs of the learnerships. Is this correct?

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581
Article
Can donations tax be payable on a sale of property?

13 October 2015

I recently established a trust. I want to sell one of my properties to the trust by way of an... interest-free loan with the trust owing me the purchase price of the property. However, I was advised that such an interest-free loan may give rise to donations tax. Is this so? Is there any way to avoid this?

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458
Article
Must I pay capital gains tax if I sell my house?

06 August 2015

I bought my house, which I’ve always lived in since buying it, for about R1 million in 2000, and on... my auditor’s advice had it appraised in October 2001 for R1.1 million. Over the years I had about R200 000 worth of improvements done to the house. I maintained the house well and recently put it up for sale to move to a smaller townhouse. I now received an offer of R3.7 million for the house. However I understand that I might have to pay capital gains tax on the sale, and am worried about how much that may be?

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384
Article
Tax implications of an interest-free loan to your subsidiary company

08 July 2014

Holdco (Pty) Ltd has recently established a subsidiary company Subco (Pty) Ltd. As a new company, Subco is in need... of a cash injection. Accordingly, Holdco provides a voluntary interest-free loan to Subco to help it out with some much-needed capital to help grow its business. But what are the tax implications of this interest-free loan, if any?

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453
Article

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