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FAQs

Frequently Asked Questions.

The Sale of Immovable Property.

Agreement of Sale – a written agreement, in which the Purchaser, the Seller and the immovable property as well as the purchase price are specified...

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May Non-Residents buy a property in South Africa?

Yes, Non-residents may bring money into South Africa without restriction...

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Who is responsible for the Electrical Compliance Certificate?

It is the Seller's responsibility to hand a valid Electrical Compliance Certificate to the Purchaser...

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Why should a Rates and Taxes Clearance Certificate be obtained?

Legislation requires a Clearance Certificate from the Local Authority needs to be lodged simultaneously with Transfer Documents...

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What is Capital Gains Tax?

When is CGT levied – with effect from the 1st October 2001, liability for CGT occurs when an affected capital assets is disposed of...

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What is Fica?

The Financial Intelligence Centre Act aims to combat money laundering...

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To whom is Transfer Duty Payable and How Much?

Transfer Duty is not to be confused with Transfer Costs or Fees...

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