Articles
Substantial risk to property owners and bondholders if sales of certain investment properties are not advertised
Failure by an owner of an investment letting business conducted from immovable property to advertise a sale in compliance with the law, can in certain circumstances, have severe consequences for both the owner and its bondholder.
Property Rates Relief following damage caused by recent unrest
Property owners who have suffered damage, as a result of the recent unrest, will no doubt be lodging insurance claims for compensation, with SASRIA. Such owners should also carefully consider opportunities which exist to reduce liability for property rates and obtain some financial reprieve.
Be Careful when Contracting with a Trust
A recent Supreme Court of Appeal (SCA) judgment has again raised warnings about the implications of not complying with statutory requirements when buying and selling immovable property, as well as not ensuring that important procedures are followed when one of the contracting parties is a trust.
Immovable Property and The Budget: 21 February 2018
A summary of some taxation issues affecting immovable property, including transfer duty, VAT, withholding tax on immovable property sales, CGT, estate duty, donations tax and dividends tax.
Immovable Property and the Budget: 22 February 2017
An overview of the Budget in relation to immovable property
NEWSFLASH: New Property Valuation Roll for Ethekwini Municipality Published 10 February
Owners have a limited period to examine the roll and to submit any objections to such valuation. Property rates are a major expense for owners of immovable property and it is essential that owners are satisfied that the value placed on their property by the Municipality is correct.
When is a Debt Due Under a Demand Loan Facility?
Traditionally, a “demand facility” is a loan with no fixed repayment date, and one where the lender will “demand” repayment at some future uncertain date – this could be 1 month, 1 year or 10 years from the date that the amount was advanced.
For All Members of Community Schemes: The New Sectional Titles and Community Schemes Ombud Legislation
The Sectional Title Schemes Management Act and the Community Schemes Ombud Service Act finally commenced on 7 October 2016.
Transfer Duty and the 2016 Budget
The wealthy have again been targeted to contribute much more to the fiscus in the form of transfer duties when purchasing high value immovable property on or after 1 March 2016.
Immovable Property and the Budget (in-depth)
A summary of some taxation issues affecting immovable property, including those dealt with in the budget, as well as some proposals affecting immovable property in the pipeline, are detailed in this article.
IMMOVABLE PROPERTY AND THE BUDGET: 25 FEBRUARY 2015 Commentary by David Warmback
A summary of some taxation issues affecting immovable property, including those dealt with in the budget
Property Owners Not Liable for Old Historic Rates Rules Court - News Update from the Corporate & Commercial Law Department
Owners are not liable for the payment of outstanding municipal debts, older than two years which were incurred by former owners of the property.
