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When you sell an asset, you may have to pay capital gains tax (CGT), unless there is an exclusion clause that you can apply. CGT came into effect in South Africa on 1 October 2001.
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Parties as well as their attorneys should thus study every aspect of the domicilium clause to familiarise themselves with the service processes regarding legal notices and summonses.
Van Deventers & Van Deventers Incorporated can help you structure your property investments to attract less CGT on the disposal of immovable property.
We can clearly see the dire need for an amendment of the Recognition of Customary Marriages Act in order to address uncertainties and contradictions, especially where women in customary marriages are concerned.
A trust can offer an efficient and flexible way to ensure that your assets are preserved and objectively managed and controlled by appointed trustees in the best interest of your beneficiaries.
Recent changes to tax law make it critical to consult an expert to avoid making mistakes in the use of trusts in estate tax planning.
The effective rate of capital gains tax has increased dramatically in recent years. It has become more important than ever for taxpayers to reduce their tax bill on immovable property.
Joint Ventures are amongst the most popular types of business arrangements being used by South Africans, in the Tender environment.
The recent case of Smith v ABSA Bank Limited yet again demonstrates the extreme caution that must be taken when dealing with a Trust.
Business dealings with Trusts are most likely to occur when immovable property is sold or purchased by the Trust.
Your residential home may be comprised of more than one erf. One erf may have a house built on it while the other erf may be vacant and simply form part of the garden.
The question now arises as to how property rates and other services are charged on erven that do not have residential structures but which still form part of a person’s residential property.
Your property investment company has come across the bargain of the century, you sign the Offer to Purchase and want to take the transfer as soon as possible.
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