October 9, 2019

Capital Gains Tax – When does it come into play?

The distinction between amounts received of a capital nature as opposed to a revenue (or income) nature is essential for income tax purposes. Non-capital amounts received, […]
July 15, 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 […]
January 9, 2019

Non-resident sellers of immovable property

Section 35A of the Income Tax Act[1] came into effect on 1 September 2007 and sets out the capital gains tax consequences of the sale of […]
July 16, 2018

Customs for individuals travelling abroad and returning to SA

The South African Revenue Service (SARS) recently published a media release to clarify the confusion about the customs requirements for South African travellers returning from abroad […]
May 15, 2017

A timing anomaly 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 […]
April 19, 2017

A new twist in the question: 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 […]
August 26, 2015

Is die koper van ‘n vaste eiendom verantwoordelik vir die betaling van die verkoper se uitstaande munisipale rekening?

Is die koper van ‘n eiendom verantwoordelik vir die betaling van uitstaande munisipale skuld wat deur die vorige eienaar van die eiendom opgeloop is? Die kort […]
April 23, 2015

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 […]
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