20 Feb 2006
The removal of transfer duty for homes costing less than R500 000 could be a further stimulus for inner city redevelopments such as office-to-apartment conversions, says Colin Young, head of asset management at Old Mutual Properties.
"Making property transactions more affordable will also benefit the growing number of mixed-use developments targeting lower and middle income earners," he says.
Young says the Budget was positive for interest-earning investments such as property.
"It enhances property's status as an attractive asset class offering a reliable, growing income stream, " says Young. " The halving of the taxes on the retirement fund industry raises the returns on cash, bonds and property relative to equities and preference shares. There is now an even stronger case to be made that property should comprise at least 7.5% of overall portfolio allocation in pension funds.
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"It enhances property's status as an attractive asset class offering a reliable, growing income stream, " says Young. " The halving of the taxes on the retirement fund industry raises the returns on cash, bonds and property relative to equities and preference shares. There is now an even stronger case to be made that property should comprise at least 7.5% of overall portfolio allocation in pension funds.
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
Young says the Budget was positive for interest-earning investments such as property.
"It enhances property's status as an attractive asset class offering a reliable, growing income stream, " says Young. " The halving of the taxes on the retirement fund industry raises the returns on cash, bonds and property relative to equities and preference shares. There is now an even stronger case to be made that property should comprise at least 7.5% of overall portfolio allocation in pension funds.
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"It enhances property's status as an attractive asset class offering a reliable, growing income stream, " says Young. " The halving of the taxes on the retirement fund industry raises the returns on cash, bonds and property relative to equities and preference shares. There is now an even stronger case to be made that property should comprise at least 7.5% of overall portfolio allocation in pension funds.
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
"There is also a benefit for retail investors from the raising of the domestic interest and dividend exemption for taxpayers to R16 500 for those under 65 and to R24 500 for those over 65. This will boost the listed property sector even further."
Publisher: Cape Business News
Source: Cape Business News
