Simon's Town Property & Real Estate Agents And News Letter
Posted in Simon's Town on Nov 13th, 2009
Is your house in a Company, Close Corporation or Trust? The Taxation Laws Amendment Act became operational on 30 September this year. One of the amendments applies to persons who own their residential home in a trust, close corporation or company and offers a window period in which the property can be transferred from the [...]
Posted in Simon's Town on Oct 9th, 2009
Now you can also transfer your property out of a trust and get a 22% tax saving. When the South African Revenue Service (Sars) announced in June that individuals who own their primary residence in either a company, or a closed corporation (CC) can transfer their property tax free into their own name, MoneywebTax was [...]
Posted in Simon's Town on Oct 9th, 2009
With the introduction of Capital Gains Tax (CGT) in 2001, many individuals who owned their primary domestic residences in the name of a company or close corporation made use of the opportunity offered by SARS to transfer their property tax free from such entity into their personal names. By taking this step, these property owners [...]
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