Skepping van 'n vruggebruik, hetsy deur voorbehoud of aparte aankoop : pluk die Suid-Afrikaanse Inkomstediens die vrugte?

Abstract

In practice a contract of sale of immovable property is sometimes constructed to provide for the creation of a separate usufruct in order to gain certain tax advantages. This contribution deals with the implications of transfer duty, estate duty, donations tax and capital gains tax in respect of this technique. Calculations and practical examples are used to illustrate the consequences and pitfalls. The uncertainty in respect of the implementation of the capital gains tax principles dealing with limited rights is highlighted, especially the problem that may be inherited by the bare-dominium owner in this regard.