31 December is your last chance to take out your annual personal allowances for 2014. If you’re intending to transfer money offshore please contact us now to ensure that we are able to deal with your application timeously..You can take out:
• R4m per person per calendar year (R8m/family) via the Foreign Investment Allowance (FIA), SARS tax clearance required, and
• R1m per person per calendar year via the Single Discretionary Allowance (SDA) or
• R1m per person Subsistence Allowance within the calendar year of emigration.To make use of the window of opportunity this year – contact us before 20 November 2014.
• R4m per person per calendar year (R8m/family) via the Foreign Investment Allowance (FIA), SARS tax clearance required, and
• R1m per person per calendar year via the Single Discretionary Allowance (SDA) or
• R1m per person Subsistence Allowance within the calendar year of emigration.To make use of the window of opportunity this year – contact us before 20 November 2014.