2022 / 06 / 23 Transfer duty is payable by the purchaser on the acquisition of immovable property or the acquisition of a real right in immovable property or the enhancement of the value of immovable property by the removal/renunciation…
2022 / 06 / 23 VAT is levied at 15%. Certain property transactions will attract VAT and in which case they will not attract transfer duty. How do we know when the transaction attracts transfer duty or VAT? The golden…
2022 / 06 / 23 Capital Gains Tax (“CGT”) is not a separate tax but forms part of income tax. CGT is basically a tax on the resale of any assets. Anyone who disposes of or sells fixed assets is liable for…
2022 / 06 / 23 Briefly, Section 35A of the Income Tax Act, ensures that the liability of tax payments by a non-resident is honoured by requiring that the funds are available. In terms of Section 35A of the Income…
2022 / 06 / 21 RECEIVE OFFER TO PURCHASE (“OTP”) (1-2 DAYS)The Property Transfer Attorney (“TA”) will: Receive the OTP and deposit if applicable. Request the Title Deed from the Seller or bank request the bond cancellation figures from the…