Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town offices of STBB. She is an admitted Attorney, Notary Public and Conveyancer with many years of experience in the field of property law and conveyancing. She is also the firm's Marketing Director and attends to external publications for the firm as well as conducts ongoing training for estate agent and bankers training and is a regular seminar presenter for attorneys and property practitioners.

Thought of the Week | Non-resident Property Buyers

Transferring title in immovable property into the name of non-residents generally follows the same processes as are required in respect of South African property purchasers. In both instances, our land registration system offers new owners security of tenure. However, additional permutations apply in respect of non-resident transactions, making legal advice crucial prior to entering into the transaction.

Questions arising include:
• Can foreign funds be brought into SA for property acquisition?
• Can non-residents borrow money locally to purchase
• May the conveyancing documents be signed overseas and, if so, what is the procedure?
• May the proceeds be taken out of the country when the property is sold?
• Are non-resident owners liable for SA income tax on disposal?
• Is estate duty payable here in the event of the non-resident owner’s death?

For experienced legal assistance, contact our Non-Resident Services Department at nonres@stbb.co.za.

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