Property

October 15, 2019

Leasehold responsibilities

Certain lease agreements regarding land and property stipulate that the lessee, as part of his/her obligation under the agreement, is expected to make improvements to the […]
July 4, 2019

WHAT YOU NEED TO KNOW ABOUT PROPERTY TAX

Investing in a property or buying your dream home is an exciting and rewarding experience. But one of the not-so-exciting, but crucial parts of any property […]
September 8, 2017

A TIMING ANOMOLY WHEN DISPOSING OF PROPERTY

Property related transactions are typically significant transactions, and therefore tax considerations linked thereto should be carefully considered. One such consideration involves the timing of the disposal […]
May 22, 2017

TRANSFER OF A PROPERTY: IS VAT OR TRANSFER DUTY PAYABLE?

A purchaser is responsible for payment of transfer cost when acquiring an immovable property, but it should further be established if the transaction is subject to […]
July 27, 2016

Is the buyer of an immovable property responsible for paying the seller’s outstanding municipal account?

Municipalities are required to issue rates clearance certificates without which a property cannot be transferred from a seller to a buyer. The rates clearance certificate certifies […]
February 22, 2016

Estate agents: Audit requirements

Section 29 of the Estate Agency Affairs Act (EAAA), Number 112 of 1976, states that every estate agent shall keep such accounting records as are necessary […]
November 11, 2015

Implications of Estate Duty

Estate duty is charged on the dutiable value of the estate in terms of the Estate Duty Act. The general rule is that if the taxpayer […]