We all want to achieve the best possible return on what is probably our largest investment and, when it comes to selling your home in South Africa, understanding how capital gains tax (CGT) applies can be crucial for minimising your tax liability.
Property is the largest investment most people will ever make and there are reams of legal and financial documents peppered with terminology throughout the lengthy process which all need to be understood and navigated, not least the condition report and how it pertains to the voetstoots clause.
The new Property Practitioners Act (PPA) came into effect on 1 February and, whilst the tightening up on legislation largely concerns agents and agencies and how they conduct business, consumers also need to understand the implications of these changes, especially those in relation to compliance.
Most people are familiar with the basic concept of zoning; that it determines the purpose for which a property can be used.
Whilst the onset of the pandemic has significantly impacted the commercial sector, it’s not all doom and gloom and there are ample opportunities for investors and landlords to harness the market shifts and translate them into opportunities if they remain flexible and do their homework.
With the Corona Virus now in SA and beginning to cause widespread panic, we are not only concerned for our health but also our businesses and livelihoods as it is predicted that the pandemic is likely to bankrupt far more people than it kills.
Home owners and residential property investors are likely to start making money again on their bricks-and-mortar assets this year after a six-year housing slump.
The East London property market was turning to 'buoyant' territory bolstered by growth in the local automotive industry and black buyers making investment purchases.
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