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All About Property | Navigating the Tax landscape: Clarifying transfer duty v VAT on the sale of shares in a property-owning company connected to an enterprise

NAVIGATING THE TAX LANDSCAPE: CLARIFYING TRANSFER DUTY V VAT ON THE SALE OF SHARES IN A PROPERTY-OWNING COMPANY CONNECTED TO AN ENTERPRISE By Abduraghmaan Farao In a property-related transaction, one is responsible for paying transfer duty or VAT. There is

Newsflash | Inward forex for property purchases

We have noted that there are some delays in offshore bank transfers to South Africa due to greylisting by the Financial Action Task Force (FATF). To ensure a smooth and timely transfer of funds, we encourage our clients to send

The disposal of the stands by co-township owners in the same township

The registration of the portion of the township into the name of the new township co-owner. When a portion of a township is sold and transferred into the name of the purchaser, the township suddenly has two township owners, firstly

The Deeds Office records for a portion of a township transferred to a new township owner

The sale of a portion of a proclaimed township is not a common occurrence The sale of a portion of a proclaimed township in terms of Section 47 of the Deeds Registries Act is not a common occurrence. Conveyancers, Deeds

The impact of mineral rights on township establishment

The owner of land, in terms of our common law, is also the owner of everything below the surface of the land, which will then include the minerals on and below the surface of the land. Nevertheless, the landowner’s right

Municipal planning by-laws come with provincial and national restrictions

The transfer and registration of property at the Deeds Office. When a person sells his or her house the seller and purchaser reduce their agreement to writing. The same principle applies when a developer sells a stand and enters into

Thought of the Week | How to resolve tax disputes

FEE FI FO FUM – SARS IS WATCHING YOU FROM FAR BEYOND, SHOULD YOU BE ALIVE OR DEAD, SARS WILL GET HIS TAXES, NONETHELESS… There are many things one can escape in life but facing the mighty giant, SARS, is

The impact of Eskom servitudes on the layout of a proposed township

The title deed for a piece of land on which the owner thereof plans to establish a township lists all the title conditions to which the land is subject and entitled to. If there are no title conditions noted against

The legal status of a township with more than 1 township applicant

There are a number of townships, with two or more township applicants, which have been legally approved by the powers that be with formal conditions of establishment and with General Plans approved by the Surveyor-General for which the Registrar of

Thought of the Week | Sectional title schemes and generators

When your anxious matriculant is studying for an important test, having a generator on the scheme’s common property to stand in during load shedding is a bonus. Less so if you bought into the same scheme because of its peaceful