Category Archives: Property

SECTIONAL TITLES: WHAT IS THE ROLE OF THE BODY CORPORATE?

When it comes to sectional title schemes, there is still widespread misunderstanding of even the basics, starting with the body corporate and how it is established, as well as what its functions and powers are. This misunderstanding often gives rise … Continue reading

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CLAIMING INPUT TAX FOR VAT PURPOSES ON IMMOVABLE PROPERTY

When a registered VAT vendor sells a property, that transaction is subject to VAT and not to transfer duty.[1] Where the purchaser of the property is itself a VAT vendor, input tax may be claimed against the acquisition price paid … Continue reading

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ONROERENDE EIENDOM IN OORLEDENE SE BOEDEL

In die eerste plek sal slegs onroerende eiendomme wat in die Akteskantoor in die oorledene se persoonlike naam geregistreer is as boedelbates kwalifiseer. Indien die oorledene ‘n geldige Testament nagelaat het, sal die eiendom in terme van die bepalings van … Continue reading

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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 the payment of VAT or transfer duty to SARS. When an immovable property is … Continue reading

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WHAT IS THE COST OF MY ESTATE DUTY?

In terms of the stipulations of Article 4 of the Act on Estate Duty No 45 of 1955 certain deductions (known as rebates) from the net value of an estate are allowed in order to determine the final value of … Continue reading

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DEALING WITH MARRIAGE AND ESTATE PLANNING

It is important to understand the legal implications of the marital property regime, especially when drafting a Last Will and Testament and also when entering into a marriage, as the regime chosen by the estate planner is going to affect … Continue reading

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SOME POINTERS FOR PLANNING YOUR ESTATE

The main aim of planning your estate is to ensure that as much of the accumulated wealth is utilised for your own benefit and for the maximum utilisation of dependents on your death. “Estate planning” has been defined as the … Continue reading

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