One of the disadvantages of registering your home in the name of a legal entity is that you (or more accurately the legal entity in whose name your home is registered) will not be entitled to the Capital Gains Tax […]
It has become a fairly popular practice (especially amongst affluent people) to register property in the name of a legal entity such as a close corporation, company or trust rather than in their personal names. A trust is a popular […]
The two most common types of title to immovable property are Sectional Title and Freehold Title. A freestanding house erected on a single erf in a residential suburb is normally held by freehold title whereas most flats, apartments and units […]
A buyer who purchases immovable property legally acquires the land together with all permanent improvements on the land. Permanent improvements include not only the physical structure but also items, which are permanently attached to the structure. These items are commonly […]
The lock-up and go lifestyle afforded by cluster housing developments, townhouses and apartments has become popular in South Africa. This lifestyle provides a number of advantages including convenience, relatively low maintenance and security.
One my associates is currently dealing with a matter on behalf of a client which arose as a result of the client taking advice “from a friend” on tax issues relating to the purchase of a property. The facts of […]
A reader addressed a letter to the Editor (Weekend Post August 2) regarding an article which appeared in the Property Post, July 26th, regarding Capital Gains Tax (CGT). In the letter the reader enquired whether it was necessary for the […]