Dec 8, 2024
A minor is a person under the age of 18. The estate is the total of the deceased's assets, debts and partners. A minor can be a partner in an undivided estate either by universal testament or by succession. A minor must be appointed...
Dec 8, 2024
What does division of property in a divorce mean? Division of property is a process where the assets of the spouses are divided. The need for asset division can arise either from a divorce or the death of one of the spouses. The division of property can take place...
Dec 8, 2024
Partition is a settlement in which the property of the spouses is divided. The need to divide property can be triggered either by divorce or the death of one spouse. The division can be made immediately after the divorce case has been brought before the district court. A partition...
Nov 3, 2024
It is perfectly possible to transfer a share of the estate to another person. It is worth bearing in mind all the tax consequences. After the death of the deceased, a partner in the estate can transfer his or her share of the estate to another person, for example by selling or donating it. This can be anyone...
Nov 1, 2024
It is likely that every business will be subject to a tax audit at some point in its life. Below I set out how a tax audit works, the rights and obligations of the taxpayer and what to do in the event of an audit....
Nov 1, 2024
Acquisition of own shares refers to a situation where a company acquires its own shares from its shareholder voluntarily for consideration by agreement between the parties. The Companies Act gives a very free hand to the acquisition of own shares. On the other hand...
