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Property & Conveyancing
Effective as of 1 April 2018, the will be an increase of the VAT rate from 14% to 15%. Real estate transactions are also affected by the increase.
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Timeshare contracts are structured in such a way that they can’t be terminated. This means the process of getting out of timeshare obligations can thus be very difficult for the average person.
When considering your options for retirement it is important for you to plan and carefully consider the financial implications that come with the various types of sales transactions.
The VAT increase from 14% to 15% as of 1 April 2018 has led some to question how it will affect fixed property sales that are in progress or under negotiation.
The rights extended to you and your neighbours are determined by the boundaries between your properties.
According to the Estate Duty Act, estate duty is charged on the dutiable value of a property. The rate in South Africa is currently 20% of the estates dutiable value.
It is important to be well informed before purchasing into a sectional title scheme.
In a sectional title scheme, the question arises of what happens when there is no mention in the title deed or purchase agreement of the presence of a Homeowners Association.
Why is the seller entitled to appoint the conveyancing attorney when the buyer is responsible for paying him or her?
In a court ruling in the Pietermaritzburg High Court, an issue was presented when the daughter of Mr Singh, a Mount Edgecombe resident, was fined for speeding on the estate.
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