Cape-based Flyt Property Investment has made available a further R50million to investors wanting to make the most of the Section 12J tax incentive before the upcoming tax year end (28 February).

Attacq Limited, (“Attacq”), the JSE listed property company, announced its conversion to a Real Estate Investment Trust (“REIT”), effective 29 May 2018, following approval by the JSE.

Attacq Limited, (“Attacq”), the JSE listed property company, announced its conversion to a Real Estate Investment Trust (“REIT”), effective 29 May 2018, following approval by the JSE.

Over the past few years, economic uncertainty and stock market volatility has boosted investor interest in residential rental property.

Parties often enter into leases of vacant commercial or industrial land, subject to payment of a ‘lease premium’ by the lessee to the lessor. David Warneke, tax partner at Cameron & Prentice, explains the tax considerations of such arrangements.

Lessees often enter into leases of vacant commercial or industrial land and erect buildings on the land. Tax Partner at Cameron & Prentice Chartered Accountants, David Warneke, explains the tax effects of these agreements