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When a Mortgagor borrows money from a Mortgagee, he or she will have a mortgage bond over an immovable property which will serve as a form of security for repaying back amounts owed.
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.
Whether the date of occupation should be a particular date or on registration of transfer is an issue that often gives rise to debate.
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