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UNDERSTANDING SITUS AND SITUS TAX

The word ‘situs’ is used in financial and legal jargon as if we all understand its meaning. But do we, and what are the implications for us as SA residents, or any global resident, for that matter? This article explains what situs means and why it is important to know what tax will apply to your offshore assets.



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The contents of this personal website are intended for educational purposes only. The information contained herein, including all attachments, should not be construed as investment, tax, or financial advice. Any investment performance quoted is for illustrative purposes only, and no warranty or undertaking is made regarding its accuracy. Past investment performance is not indicative of future results. The returns mentioned are not guaranteed and are subject to market conditions. Prospective investors are encouraged to conduct thorough due diligence to understand the risks and suitability of this investment relative to their individual circumstances. Investors should be prepared for potential fluctuations in value. The information provided is for informational purposes only and does not constitute investment advice. Always do your own research. You are solely responsible for all investment, tax, and financial decisions that you make.

© 2000 by  John Sparks

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