In this episode of Advisory Explained, host Kosie Kritzinger sits down with Elizabeth Fick, Head of Tax & Fiduciary at Investec, to unpack the complexities of exit tax when leaving South Africa.
The discussion explores what SARS expects when you cease South African tax residency, and what SARB requires to transfer funds offshore. They cover the fundamentals of exit tax, which assets are excluded, liquidity considerations, when the exit charge becomes due, and why planning ahead is essential.
Elizabeth also shares a high-level step-by-step guide to navigating both SARS and SARB, while highlighting common pitfalls individuals often overlook when setting up their exit strategy.
bakertillygreenwoods.co.za
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40:04
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40:04
Tax Opinions, Commercial Rationale & Choosing the Right Advisor
In this episode of Advisory Explained, host Kosie Kritzinger sits down once again with Bobby Wessels from AJM to explore what he calls the true superpower of a great advisor: weaving commercial rationale into a transaction while keeping it tax efficient.
Their conversation covers three key aspects:
1. Why advisors aren’t “one-size-fits-all” - and how choosing the right advisor at the right stage makes all the difference.
2. How to balance commercial soundness with tax efficiency, avoiding unnecessary tax leakage.
3. The value of a well-drafted tax opinion in safeguarding a transaction.
This episode is packed with practical insights for advisors and clients navigating complex deals.
bakertillygreenwoods.co.za
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28:21
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28:21
The Role of Due Diligence in Successful Transactions
In this episode of Advisory Explained, host Kosie Kritzinger is joined by Johan Bashford and Rudolph de Jager from Baker Tilly Greenwoods’ Financial & Tax Due Diligence team.
They break down what due diligence really means, why it’s such a critical part of mergers and acquisitions, and how it shapes deal readiness. The discussion goes beyond the basics, diving into common red flags, key triggers, and industry-specific nuances that advisors and clients should look out for.
Whether you’re on the buy-side or sell-side, this episode highlights how proper due diligence can make or break a transaction.
bakertillygreenwoods.co.za
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34:35
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34:35
Offshore Trusts: Benefits, Risks & Key Insights
In this episode of Advisory Explained, host Kosie Kritzinger sits down again with Irma Lategan from Investec’s tax and fiduciary team to demystify the world of offshore trusts.
Irma and Kosie discuss the primary advantages of offshore trusts, when individuals and families should start considering them, and the common pitfalls to avoid when setting up offshore structures. They also unpack the main ways to fund an offshore trust, weighing up the pros and cons of each approach.
This episode offers valuable insights for anyone looking to understand how offshore trusts fit into a holistic wealth and legacy strategy.
bakertillygreenwoods.co.za
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25:32
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25:32
What you need to know about GAAR and Simulation Doctrine
In this episode of Advisory Explained, host Kosie Kritzinger is joined again by Bobby Wessels from AJM, where they delve into two big tools in SARS’s toolkit to take on interesting transactions.
Their discussion unpacks the nuances of GAAR, exploring its place within the Income Tax Act, providing a practical example, and outlining the key elements to consider. Bobby and Kosie shift to the Simulation Doctrine, where they explain how courts strip away form to reveal substance.
Listeners will gain valuable insights into the General Anti-Avoidance Rule, the Simulation Doctrine, and how to navigate these SARS tools.
bakertillygreenwoods.co.za
Whether you are a business owner navigating complex decisions or a professional looking to align with a forward-thinking firm, this podcast is your go-to resource for expert insights.
From tax structuring, mergers & acquisitions, valuations, and business consulting, Advisory Explained hosted by Kosie Kritzinger will help you understand the fine print.
Take my advice and subscribe to Advisory Explained, a trusted perspective now.
https://bakertillygreenwoods.co.za/
South Africa