Pangea Wealth unlocks R1bn of Section 12B tax deductions for HNWs скачать в хорошем качестве

Pangea Wealth unlocks R1bn of Section 12B tax deductions for HNWs

Request a Personalised Section 12B Tax Assessment — https://pangeawealth.org/section-12b-... " In South Africa, high earners face a 45% marginal rate with limited deductions, making Section 12B of the Income Tax Act a powerful tool to ease the tax burden while investing in renewable energy. In an interview with Biznews, Mitchel Fieldgate, wealth manager and alternative investment lead at Pangea Wealth, revealed they have facilitated R1 billion in deductions over the last two years. He noted that while this provides relief for high earners, it has also mobilised billions into commercial solar projects, reducing reliance on Eskom and alleviated load shedding. Fieldgate explained who might not benefit from the tax relief, clarified that it is not a tax loophole, and stressed that the 12B opportunities are not a one-size-fits-all solution. He suggested the government introduce similar tax breaks for repairing other infrastructure, such as water systems or roads, “because it mobilises money and there’s no leakage.” Video production by Asime Nyide Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here - https://bit.ly/4ifcIWO Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here - https://bit.ly/3is4b7l Join this channel to get access to perks:    / @biznewstv