How I got a loan in a TRUST in South Africa
How I got a loan in a TRUST in South Africa
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How I got a loan in a TRUST in South Africa
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Trusts in South Africa carry a higher tax rate, wouldn't it be better to use a company than a trust ?
My house is owned by my CC which was built with my money. This way I created a loan account which the CC is paying off. Tax free in my hands.
Hi Louis, thanks for the good videos. Question why would one have a property in a trust if the Tax on a trust is a killer 45% and around 18% for the individual according to SARS. Im trying to see what Im missing here because you will pay estate tax after passing yes but 45% Trust tax will make up for this over the years.
Can I sell my property to my trust?
Thanks for the great video . I have a question , what would the benefit be of transfering a property that we have paid up into a trust , im guessing the asset protection part but im just wondering on how one leversges a trust and the fact that you have a paid up tenanted property as leverage to increase the portfolio ?
You know its illegal to buy property in South africa right ?😂😂😂 cause the land doesn't belong to the blacks or whites ,fight me lol even The queen knew this
Your are lucky dude, she is awesome.
Death and the corresponding estate is the new business venture explored by attorneys and brokers. If there are any outstanding debts, they simply sell the property to cover the debt.
I know of a few cases where the elderly ladies ended up with nothing after their husbands passed away. This is one good reason to have a property in a trust. The property cannot be touched should there be expensive medical bills.
Just on a side note..do not let a broker or attorney be the executor of the estate..do it yourself, otherwise one is handing all authority regarding the estate assets over to these guys
Great show. Quick one, regarding obtaining a loan from the bank under your trust or company that is not trading yet. You mentioned that you can obtain a loan and you’ll have to sign surety. Is this a normal loan or a bond? I contacted FNB regarding this few months back and I was told that banks do not give home loans to companies or trust and if I want a loan it will have to be a normal loan and as you know the interest rate is crazy compare to a home loan and I was also told that my company should show that it has been trading for more than 6 months. Can you explain that part more in detail to me please?
Louis you refer to a proper struckture, can you please elaborate what is a good structure
Howzit, truly informative post.
Question, can my company loan the trust the funds to purchase property?
What is the Tax on a Trust 45%?
Irrespective of the financial position of the trust or company, the directors/trustees will have to sign surety on a bond. There is no scenario where a surety will not be taken by the bank.
How does one open a trust ?
Hi there Louis, thanks for the advices. On my recent share purchases in a property, I received a share certificate and a debenture certificate. I find this dodge, what should be done?
We also have monies in another scheme which the directors have absconded, haven't paid any returns for the last 5 years. We have approached FSCA and they are investigating. No financial statements for last 5 years. Director's say that financial statements will only be issued in July 2024. How do we proceed with legal proceedings and how do we adress such issue?
Is there capital gains tax on the sale of the property later down the line even when in a trust?
8.33min of waffel
what are the differences between a trust or company?
l definately subscribe to this page
Q: If you for example) owned 5 properties, do you have 1 Trust of 5 Trusts?
Lekker broe! Keep nation-building ❤ 🇿🇦