Tax trap for South Africans taking money out of the country

[Kirsten Minnaar]

Tax trap for South Africans taking money out of the country

South Africans investing offshore may face an unexpected tax bill upon death, as certain foreign countries tax assets held within their borders even if the investor never lived there.

 

[EmmanuelGoldstein]

Another day... another SCAREMONGERING AI-GENERATED SARS ARTICLE.

F0K JOU SARS.... F0K DIE ANC masep03s!!!!

 

[Pax]

.......and after my death I'm unlikely to care much or at all about what happens to money I did not get to spend.

 

[smc]

Is actually true of US listed assets. But the solution is easy - stick with ETFs or stocks listed in Europe.

 

[Scooby_Doo]

Is actually true of US listed assets. But the solution is easy - stick with ETFs or stocks listed in Europe.

I got caught out by this because of Easy Equities - not to say it was their fault but they bait you to investing in the US but do not articulate the tax well. So now its time to divest out of USA funds and into EU.

 

[W@P]

Another day... another SCAREMONGERING AI-GENERATED SARS ARTICLE.

F0K JOU SARS.... F0K DIE ANC masep03s!!!!