BronPreston Posted November 17, 2015 Report Share Posted November 17, 2015 (edited) R10M Foreign Investment Allowance From 1 April 2015 Exchange control regulations allow clients to move R10 Million per tax paying adult out of South Africa each year as part of their Foreign Investment Allowance.Foreign Investment Allowance funds can be invested into offshore investment portfolios, property, bank accounts or any other investments.Private individuals may utilize the below Foreign Investment Allowance per calendar year:R 10,000,000 per adult - SARS Tax Clearance Required (you can obtaining SARS tax clearances for FREE within 3-5 days) Edited November 17, 2015 by Mara Removed unallowed content 1 Quote Link to comment Share on other sites More sharing options...
Hugo2 Posted November 17, 2015 Report Share Posted November 17, 2015 SARS now deals with R4m and R10m applix alike, no reason to hold over for next year. Also, remember the second home allowance should you have used your R10m FIAPlease do not overspend on your SA credit card or use it while staying outside SA, we have seen an increase in the number of SARB queries, and now some clients have seen their cards being blocked / blacklisted. Imagine the red face Quote Link to comment Share on other sites More sharing options...
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