Private Clients Fiduciary Insights: Navigating Foreign Inheritance as an SA Tax Resident11 April 2024

Inheriting a foreign property can be both a blessing and a challenge for SA residents. A primary concern for these individuals might involve minimising tax obligations in foreign jurisdictions. Alternatively, they may aim to structure ownership of the property in a way that simplifies estate planning processes. Whatever the objective, making an informed decision requires a thorough understanding of SA law and the laws governing the jurisdiction where the property is situated. Godwin Magosha Fiduciary Specialist at Private Clients by Old Mutual Wealth delves into the practical considerations and available options for estate planning.

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