Usufruct and Capital Gains Tax

Usufruct is often applied as part of estate planning in order to save on Estate duty, as the calculated value of the usufruct qualifies as deduction for Estate duty, should the usufructuary be the surviving spouse. E.g. a woman may bequeath her property to her son provided that her spouse has lifelong usufruct from it. Obviously this kind of bequest […]

Capital Gains Tax and the sale of a property

What is meant by Capital Gain? A person's capital gain on an asset disposed of is the amount by which the proceeds exceed the base cost of that asset.   What is base cost? The base cost of an asset is what you paid for it, plus the expenditure. The following can be included in calculating the base cost: The […]