Advice &amp; News

All rental income should be declared to SARS

Income received from investment and rental properties falls into the category of taxable income, and as such should be declared to SARS and included in your annual tax return.

April 25, 2016

What happens if a suspensive condition is not met?

A suspensive condition is a term or clause within a contract that clearly stipulates a particular criterion that must be met in order for the contract to come into force. Should the suspensive condition(s) not be met, the contract will be void.

April 25, 2016

Cancellation a signed offer to purchase

An offer to purchase is a legal document and, once signed by both the buyer and seller, it becomes a legally binding agreement.

April 25, 2016

Beware of Capital Gains Tax when you sell

At first glance, Capital Gains Tax (CGT) may seem like yet another thing to worry about when completing a tax return, but it needn’t cause confusion.

March 29, 2016

Legislative Guidelines

Properties using borehole water must display a sign

Due to a significantly dry winter across the country, and many dams being alarmingly low, severe water restrictions have been implemented in most regions.

March 29, 2016

What happens to the ownership of my property when I get married?

There are three types of marriages that one can enter into in South Africa, each of which will have different consequences on the ownership of property.

March 29, 2016

Sectional Title Governance

Body corporate’s financial statements

Over and above the structural integrity of a building, when buying into a sectional scheme there are a number of elements that should be inspected closely to make a good investment.

March 3, 2016

Exclusive use area rights must be registered

Exclusive use areas, a common feature in sectional title properties, often cause uncertainty in the minds of property owners when it comes to rights over this land.

March 3, 2016

Sectional Title Governance

Structural alterations require body corporate approval

It is important for potential owners to understand the benefits and potential drawbacks of buying into a sectional scheme.

January 25, 2016

Legislative Guidelines

If I don’t have a Will, who will inherit my property?

Inheritance of assets in a deceased estate, and in particular of immovable property, can be complex.

January 25, 2016

Can I cancel my offer to purchase?

A signed Offer to Purchase is a legal, binding document which can only be cancelled under certain circumstances

December 14, 2015

A bank may require notice to cancel a bond

Paying off a home loan ahead of schedule can be beneficial, but paying close attention to the agreement is important to avoid additional fees…

December 14, 2015

Rates & taxes clearance certificate

Why is it necessary for a Rates and Taxes Clearance Certificate to be issued?

March 15, 2015

Transfer Duty

To whom is Transfer Duty Payable and how is it calculated?

March 15, 2015