Specialising in tax and exchange control, Johan spent time with PwC in the UK, the financial capital of the globe, and on his return spent 3 years with PwC Cape Town in the Corporate International Tax department before joining STBB as a candidate attorney in 2011. Johan practices within the Corporate Commercial department and has extensive commercial drafting experience with a specific focus on business acquisitions, going-concern transactions and advises on tax aspects of commercial and property-related transactions. Since 2015 Johan heads the Non-Resident practice within STBB. His expert services range from assisting foreign investors in remitting their proceeds from fixed property out of South Africa and drafting and regularising loan agreements through the SARB to obtaining Tax Directives and various types of Tax Clearance Certificates from SARS. As an admitted attorney, conveyancer and registered tax practitioner, Johan’s skill set makes him an invaluable asset in advising and assisting STBB’s diverse clients.

Thought of the Week | Transfer Duty On Property Shares

Did you know that transfer duty on the sale of a share in a ‘residential property company’, as defined in the Transfer Duty Act, is determined in accordance with the value of the share(s) acquired?

For example, purchasing a 50% share for R500,000 in a residential property company where the fair market value of the entity’s property is R1 million, will not attract transfer duty as the value of the shares acquired is below the current threshold of R750,000. In contrast, should a 50% undivided share in a property valued at R1 million be purchased for R500,000, transfer duty will be payable as the duty is calculated as 50% of the duty leviable on a property worth R1 million.

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