The impending budget speech has everyone anxious and for good reason.

Whether investing in property for long-term returns or for resale in the short term, taxpayers are often faced with the question of how their decisions affect their tax liabilities.

Investing in property or simply buying a home is an exciting and often financially rewarding transaction. But one of the not-so-exciting, but vitally important parts of any property purchase is the calculation and payment of one or more different kinds of tax. Without proper advice on which taxes are payable and how much, buyers could find their purchase to be a very unrewarding transaction that could also land them in hot water with the Receiver of Revenue. Since the beginning of 2001 South Africa has seen significant changes to the tax system. 

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