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Two interesting recent cases between property owners and municipalities

Two interesting recent cases between property owners and municipalities Nelson Mandela Bay Municipality v Amber Mountain Investments 3 (Pty) Ltd Municipalities have the right to levy rates on property and surcharges on fees for services provided by or on behalf of the municipality. Before a property can be transferred from the existing owner to a...

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Transfer Duty Rate amendments

When property is acquired by any person by way of a transaction, or in any other manner, transfer duty will be levied on the value of the property. The transfer duty rates change on a regular basis and the latest rates, which will apply to all properties acquired on/after 1 March 2017, were announced during...

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Capital Gains Tax and Immovable Property – What you need to know

Capital Gains Tax (CGT) was introduced in South Africa with effect from 1 October 2011. It applies in all cases where capital gains or losses are made on the disposal of an asset unless it has been excluded by specific provisions. This capital gain or capital loss should then be declared in your annual income...