For many internationally connected families, transferring assets between spouses forms part of a broader wealth, estate or succession plan.
A proposed amendment to South Africa's donations tax rules could change how these transfers are taxed where one spouse is no longer a South African tax resident. While the change remains in draft form, it highlights an important reality: in cross-border families, the tax residence of family members can be just as important as the location of the assets themselves.
In our latest Fiduciary Insights, Godwin Magosha, Fiduciary Specialist at Private Clients by Old Mutual, unpacks the proposed changes, their potential implications for globally mobile families, and why wealth transfer decisions should be considered alongside broader tax, estate and succession planning objectives.