Please note that Turnstone Corporate Trustee (S.A.) (Pty) Ltd relocated from their Rosebank offices to the following address:

3rd Floor, South Tower
Nelson Mandela Square
Cnr Maude and Fifth Street
Sandown, Sandton
Johannesburg

Tel: +27 11 027 4511/4509
Fax: +27 11 784 2907

 

 

July 14, 2014
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Published June 21, 2014 10:15pm on http://www.telegraph.co.uk
By John Bingham, Social Affairs Editor

Rich fear their wealth could be depriving their children of drive and ambition, study finds

Most people have experienced what it is to lie awake at night worrying about how to make ends meet. But the world’s super-rich are not lacking sleep over fears of losing money – but of having too much.

One in seven multimillionaires or billionaires is worried their wealth could be depriving their children of drive and [READ MORE…]

July 14, 2014
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Published February 28, 2013 4:04pm on http://jerseyeveningpost.com

By Peter Body

THAT was a pretty good budget under the circumstances. Certainly there are still a lot of financial problems to be faced, but the plan appears to be working, and a solution has been found for one of the most contentious tax issues facing the island.

THAT was a pretty good budget under the circumstances. Certainly there are still a lot of financial problems to be faced, but the plan appears to be working, [READ MORE…]

June 12, 2014
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Published on 22 October 2013 at 11:45 on IOM Today (www.iomtoday.co.im)

It may come as a surprise to many who know our streets aren’t paved with gold.

But the Isle of Man has been placed in the top 10 by the World Bank out of 214 international economies in terms of Gross National Income (GNI) per head of population.

We are listed in eighth place ahead of the UK and US and beaten only by top-placed Monaco, Liechtenstein, Bermuda, Norway, Switzerland, Qatar and [READ MORE…]

June 12, 2014
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RETIRING AND HEADING HOME… 

You may have been working overseas for many years living an expat life, getting paid relatively low or no tax on your salary and now your contract or visa is about to expire and you are thinking about heading ‘home’. For many this is the obvious choice when they have spent 20 or 30 years working overseas…but is it the right choice? From a lifestyle perspective the answer may be yes but if tax is considered this may [READ MORE…]

January 16, 2013
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BENEFITS OF A STRUCTURE THROUGH NAMIBIA 

It is always interesting how advisors sometimes look further abroad for benefits for their clients operating in Africa, most commonly through Mauritius. If you are in the manufacturing industry though, you need not look any further than one of our close neighbours, namely Namibia.

Firstly, Namibia offers very attractive incentives through their Export Processing Zone Enterprises Incentives, commonly known as EPZ Enterprises. Enterprises which undertake manufacturing operations and export their production to countries other than countries in [READ MORE…]

January 16, 2013
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FATCA FACTS 

The US Foreign Account Tax Compliance Act (FATCA) has been simmering away for some time now with many hoping that it would run out of steam, or rather support, before its intended implementation on 1 January 2013. Unfortunately, its repeal looks incredibly unlikely and, with less than a month to go, millions of organisations around the world are busy implementing new rules and procedures intended to help the US track down US persons** who are not declaring taxes. [READ MORE…]

January 16, 2013
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THE PROPOSED MANSION TAX – THE CONSULTATION 

2012 is rapidly becoming a year of HMRC consultations. Most of these consultations are specific in their focus with the objective of curbing or discouraging the use of (a) aggressive tax strategies which have mushroomed in recent years or (b) to discourage the use of offshore structures. In this article I have focused on HMRC’s attack on residential property owned offshore: ‘Ensuring the fair taxation on residential property transactions’.

This consultation was published in May 2012 and proposes to introduce a [READ MORE…]

August 20, 2012
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TRADEMARK PROTECTION – OFTEN OBSERVED, OFTEN NEGLECTED 

As German and European Patent and Trademark Attorney, I am sometimes puzzled about the fact that a large number of especially small and mid-sized companies or service providers totally neglect the very efficient system of trademark protection, while obviously knowing about the huge value a well-established trademark may gain.

I may therefore briefly summarize the existing system of trademark protection: Generally speaking, a registered trademark offers an easy and efficient way for protecting the own trademark against competitors.

A trademark application includes [READ MORE…]

August 20, 2012
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TURNSTONE GROUP SELLS MAURITIUS OFFICE TO MANAGEMENT 

Turnstone Group, the Global Fiduciary Service Provider operating in international financial service centers, has confirmed the sale of its Fiduciary and Fund Administration business to the management team in Mauritius.

Mr Roelf Odendaal, Chief Executive Officer, stated at the recent advisory board meeting of the Group, that: ‘Turnstone, as a Family Office Service Provider, wishes to continue focusing on its core business activities, namely the support for individuals and family’s needs for private and business structures.’ Mr Odendaal was referring to [READ MORE…]

August 20, 2012
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