4 Essential Estate Planning Tips for South Africans Abroad
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Living abroad as a South African can be an exciting as well as challenging journey. But it’s essential to remember that your tax and estate planning at home doesn’t miss out because you are out. In real, it may become more crucial to work with accountants in South Africa and plan everything wisely. Here are our top considerations for overseas South Africans when it comes to estate planning: Understand your residency status The first thing you need to consider when you are overseas is about your residency status. Find out if you are considered a tax resident in South Africa or your host country. Or both in some cases. This can affect your tax planning significantly because tax laws differ from one country to another. You must seek professional estate structuring services to avoid tax headaches in this. International estate taxation This is another vital consideration when planning for taxes. Most countries levy taxes for an estate that falls within their borders. South Africa does...