26 April 2013
YOUR WILL: COMPLYING WITH THE LAW IS NOT CHILD’S PLAY
The recent case of VM Smith v SP Sampson and another, where the testator’s supposed last will and testament was not signed at all, again highlights the importance of one’s will being prepared by a professional person having expertise in the field of succession law. In this article, we shed light on the more commonly encountered errors and irregularities presented to our courts and the possible serious and often expensive repercussions.
CAN X BE LIABLE FOR THE TAX DEBT OF Y?
Can a director, shareholder, member or representative taxpayer of a company be held personally liable for the tax debts of an entity? Or for that matter, can any person be held personally liable for the tax debts of another person or entity that is owing to the fiscus? Previous inconsistencies between provisions in the various tax Acts dealing with the recovery of taxes have now been resolved in the Tax Administration Act. Let’s take a look.