Taxation of Collective Investment Schemes

Abstract

This article concerns the current regulatory environment pertaining to collective investment schemes in South Africa, as well as the South African tax implications for such collective investment schemes and their resident and non-resident investors. The position of collective investment schemes in securities and collective investment schemes in property is considered in detail with regard to amounts received or accrued to the collective investment scheme, disposals by the collective investment scheme of its underlying assets and disposals by the investors of their units in the collective investment scheme.