This may be difficult. The trust may need to be creditworthy in its own right then it applies for a new bond to "buy" the asset from you. Other than that i dont think so. Do tell if you also find a way around it also. 🙂
Yes it does. You may be exposed to Donations Tax at 20% unless you structure it differently. There may be CGT considerations also if values moved up over time
Can you move properties that are still under the bond with a bank that obtain using your personal name?
This may be difficult. The trust may need to be creditworthy in its own right then it applies for a new bond to "buy" the asset from you. Other than that i dont think so. Do tell if you also find a way around it also. 🙂
Does moving properties from personal name to trust or company name have tax implications?
Yes it does. You may be exposed to Donations Tax at 20% unless you structure it differently. There may be CGT considerations also if values moved up over time
@@lesterm007Eish that's bad. I want to move my properties into a trust but it seems it is much more expensive to do it than I anticipated
My dad wants to transfer his paid up property into a trust fund, what are the steps?
Please WhatsApp me 074 589 64 39
Mr Mothiba, do you do coaching or mentorship and how do I get hold of you?
Yes, I do. Send me WhatsApp 074 589 64 39