Hanlie Ferreira is a Director of the firm and practises as an Attorney, Conveyancer and Notary Public at the Claremont branch. She joined STBB in 2001 where she is currently practising in all aspects of property law but primarily in development law where she has gained extensive experienced in. This includes large plot and plan developments, retirement villages small to large sectional title schemes, consolidations, subdivision and servitudes relating to property. Her knowledge provides clients with quick and accurate advice on all property law questions and problems. She also practises as a Notary and apart from complexed servitude registration also deal with Ante Nuptial Agreements. Her experience as a conveyancer goes hand in hand with a thorough approach and consideration of all aspects in relation with property. She is passionate about her career and STBB.

Thought of the Week | When Is Donations Tax Not Due?

In South Africa we are subject to donations tax, so simply giving away your assets or selling your assets for less than their actual market value, with no obligation to receive payment in return, may create a tax liability.

Donations tax is payable at a rate of 20% on the value of a property and must be paid by the Donor to the Receiver of Revenue within three months of the date of the donation. Some donations are free from donations tax – see the list provided in the Income Tax Act HERE.

Natural persons receive an annual donations tax exemption of R100,000; all other donors pay donations tax on any donation exceeding R10 000 during any year of assessment.

If you have further questions in this regard, contact us at STBB.

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