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Good Day All
I have a question on taxes that could be implicated on money inherited offshore.
At present the money is sitting with a firm in Jersey. The funds are not from South African origin.
Questions are:
1. Can I draw the interest or part of the investment to use as an income without having to declare or pay SARS any tax ? Not to reinvest but use.
2. If I die would SARS claim CGT or estate? I want my will to show children overseas as beneficiary?
3. Can SARS tax me for anything?
I have looked on the net and articles are a bit vague, because the origin is not from here.
I hope I am making sense and appreciate any comments etc
TIA
I have a question on taxes that could be implicated on money inherited offshore.
At present the money is sitting with a firm in Jersey. The funds are not from South African origin.
Questions are:
1. Can I draw the interest or part of the investment to use as an income without having to declare or pay SARS any tax ? Not to reinvest but use.
2. If I die would SARS claim CGT or estate? I want my will to show children overseas as beneficiary?
3. Can SARS tax me for anything?
I have looked on the net and articles are a bit vague, because the origin is not from here.
I hope I am making sense and appreciate any comments etc
TIA