Results 1 to 2 of 2

Thread: "Selling" an Inter Vivos Trust posible?

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Email problem
    Join Date
    Aug 2012
    Location
    Port Alfred
    Posts
    17
    Thanks
    4
    Thanked 0 Times in 0 Posts
    Blog Entries
    1

    "Selling" an Inter Vivos Trust posible?

    Is it possible to sell a trust, with a farm registered in the name of the trust, and what is the CGT implication if any?
    If there is no mention in the trust deed about beneficiary amendments will it be possible to add the “buyer” as a beneficiary and remove the “seller”?
    Thanks

  2. #2
    Gold Member
    Join Date
    Mar 2012
    Location
    Vanderbijlpark
    Posts
    886
    Thanks
    83
    Thanked 381 Times in 298 Posts
    Not really possible. Rather, it involves removal or replacement of the beneficiaries, and naturally the trustees. This strategy is fraught with risk because if the intention is to avoid transfer duty it will be attacked.

    Best have a look at this publication

Similar Threads

  1. Pastel Express: Inter-account transfers
    By Elijah in forum Accounting Forum
    Replies: 6
    Last Post: 31-Jan-17, 10:30 AM
  2. Trust Financials
    By Angelee in forum Accounting Forum
    Replies: 2
    Last Post: 09-Jan-14, 07:47 AM
  3. Who do you trust
    By ians in forum General Chat Forum
    Replies: 3
    Last Post: 22-Dec-12, 06:00 PM
  4. Replies: 0
    Last Post: 14-Nov-08, 07:06 PM
  5. Inter-forum guideline.
    By Dave A in forum Administrative issues
    Replies: 0
    Last Post: 21-Aug-06, 04:08 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •