Many taxpayers are reluctant to enter into Section 12J transactions as they are uncertain how the South African Revenue Service (SARS) will view, and ultimately tax, the income derived from these transactions. Optomise has obtained unique private binding rulings relating to S12J investment compliance. These rulings have provided us with clarity, consistency and certainty about the interpretation and application of the relevant tax laws.
We provide a full compliance service to investors and ensure a seamless investment process into S12J compliant investee companies.
Our fund is licensed by the Financial Sector Conduct Authority (FSCA) and we utilise an FSB-approved compliance officer.
You can receive a full tax deduction on the funds invested. The full amount invested in Optomise is 100% deductible from your taxable income in the year in which the investment is made. This applies to individuals, companies and trusts.
We apply great care to each investor to ensure their transaction is S12J compliant.