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Tax Law

Purchasing of property owning companies, CCs or Trusts

Up until 2001, buying property through a company in South Africa was a cost effective and popular method used to purchase property.

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Beware of VAT on 'going concern' commercial property deals

According to the value added tax (VAT) Act of 1991, if certain requirements are met when selling commercial property as a going concern, the sale of the property may qualify to be zero-rated for VAT purposes.

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The benefits of using trusts for tax planning

The South African Revenue Service is taking a very close look at trusts and the abuse thereof, so unless one can commercially justify why certain transactions were done by a trust, the motivation will be investigated.

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Marriage contracts and implications for estate planning

In this article we will be discussing estate planning and how it relates to the 3 main types of marriage.

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What you need to know about Section 12J Companies

Section 12J provides an avenue for individuals and businesses seeking to reduce tax liabilities and creates a source of return in a market which is overrun with volatility and uncertainty.

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What VAT increase means for your property transactions

Effective as of 1 April 2018, the will be an increase of the VAT rate from 14% to 15%. Real estate transactions are also affected by the increase. 

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Property expenses and rental property income tax

SARS requires for you to declare all the income your receive from property investments. These are then subject to income tax and also includes all rental income. 

It is important for taxpayers to have all the supporting documents needed in order to submit their tax returns. 

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Can I purchase a property if my tax is not up-to-date?

When purchasing a property in South Africa it is important to make sure that your tax is up-to-date.

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Want To Know More About Capital Gains Tax?

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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Looking to save Capital Gains Tax on Immovable Property?

Van Deventers & Van Deventers Incorporated can help you structure your property investments to attract less CGT on the disposal of immovable property.

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