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| May 2024 |
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| We are often questioned on whether VAT or transfer duties apply to a property transaction. This month we discuss the difference between the two and when either applies.We also discuss the implications and entity in which you should consider buying your next residential property with Dykes van Heerden Attorneys.Agrisell is proud to introduce our valued Stellenbosch agent, Jeanine Myburgh. |
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| VAT or transfer duty? |
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| Very often the question arises as to whether the purchaser must pay transfer duty on a particular transaction or whether there is no transfer duty payable as the transaction is in fact a VAT transaction. This question can arise where the seller is registered for VAT but the purchaser is not or the seller is not registered for VAT and the purchaser... |
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| Should I buy my residential property in my name or in a CC, Company or a Trust? |
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| As a general rule residential property should never be bought in a name of a Company or Close Corporation due to the fact that a Company or Close Corporation has the following disadvantages in regard to the payment of tax when it sells a property:-1. The Capital Gains Tax (CGT) is calculated at a rate of 22.4% of the capital gain;2. In addition,... |
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This month's profiled
Property Practitioner
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| Jeanine Myburgh |
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| Jeanine grew up in Stellenbosch where she attended both Stellenbosch primary and High school. There she stayed and completed her B.Accounting degree from Stellenbosch University, although she soon realized that accounting was not her passion.After deciding to move with the love of her life, Marco, to his family farm in Prince Albert, she was... |
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| 3 Bedroom House For Sale in Phalaborwa |
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This 3-bedroom house is located in one of the quieter streets on the northern edge of town and also features a 2-bedroom apartment. All bedrooms have fitted wardrobes, with the exception of the main bedroom which boasts an ample of these. The house has 2.5 bathrooms (the main of which is en-suite with built-in cupboards). The open-plan dining and living room is served by an air-conditioner and ceiling fan and so are the bedrooms. The house has...
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Curious about how much your property is worth?
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We offer agricultural, residential and commercial market assessments.
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