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PROPERTY TRANSACTIONS ATTRACT VALUE ADDED TAX

Sadly as of 1 April 2018 in terms of the budget speech presented on 21 February 2018, VAT will now be levied at 15%. Certain property transactions will attract VAT and not transfer duty. How do we know when the transaction attracts transfer duty or VAT? The golden rule in order to determine whether [...]

By | 2018-03-29T09:56:04+00:00 March 29th, 2018|Uncategorized|0 Comments

MASTER’S FEES INCREASE HECTICALLY!

The Masters fee levied against estates of all persons who pass away after 1 January 2018 has been amended. Previously the maximum Masters fee which could be levied against an estate was R600.00. As from 1 January 2018, as promulgated in the Government Gazette Notice number 41224 on 3 November 2017, the following structure is [...]

By | 2018-02-01T10:08:55+00:00 February 1st, 2018|Uncategorized|0 Comments

Immovable Property from a Deceased

TRANSFER OF IMMOVABLE PROPERTY FROM A DECEASED’S ESTATE There are various types of deceased estate transfers. We will take a look at two types in this article. ONCE THE DEATH IS REPORTED TO THE MASTER’S OFFICE, THERE ARE TWO TYPES OF LETTERS ISSUED. Where the value of the deceased’s entire estate, including the immovable property, [...]

By | 2017-09-27T13:46:44+00:00 September 26th, 2017|Uncategorized|0 Comments

INSTALMENT SALE AGREEMENTS

INSTALMENT SALE AGREEMENTS IN TERMS OF THE ALIENATION OF LAND ACT – AN OPTION With the current recession and difficult times South Africa is facing, it is becoming more and more difficult for prospective home owners to purchase property of their own. The Alienation of Land Act, 68 of 1981 (“the Act”) comes in [...]

By | 2017-09-27T13:46:44+00:00 August 4th, 2017|Uncategorized|0 Comments

Pension Funds in Divorces

The Pitfalls of Pension Funds Retirement Annuities in Divorces The frustration of divorcees, especially in the last couple of years of the “do it yourself” divorce, have increased dramatically when dealing with Pension Fund Administrators. This is wholly caused by the absence of correct reference, or any reference at all, on how the parties [...]

By | 2017-09-27T13:46:45+00:00 June 8th, 2017|Uncategorized|0 Comments

Electronic Signatures ECTA

These days, electronic signatures are more commonly used and applied with regards to agreements/contracts being concluded electronically. To fully understand the concept of electronic signatures and when their use is acceptable, we look at the effect and purpose of the Electronic Communications and Transactions Act 25 of 2002 (hereafter referred to as “ECTA”) specifically relating [...]

By | 2017-09-27T13:46:45+00:00 January 26th, 2017|Uncategorized|0 Comments

Louise Tonkin Wins Again

Each year the ROCCI – Roodepoort Chamber of Commerce host the prestigious Event where they nominate,  adjudicate and select the business of the year in various categories. We are proud to announce that  Louise Tonkin Incorporated won the Business of the Year 2016 for category Legal Services 2016, as well as the Bronze Winner of [...]

By | 2017-09-27T13:46:45+00:00 January 26th, 2017|Uncategorized|0 Comments

MUSLIM MARRIAGES

MUSLIM MARRIAGES OFFICIATED IN TERMS OF THE MARRIAGES ACT 25 OF 1961. Muslim women have been denied spousal benefits such as the right to inherit intestate and to claim maintenance in terms of the Maintenance of Surviving Spouses Act 27 of 1990 due to their traditional religious marriages not being recognised in terms of South [...]

By | 2017-09-27T13:46:45+00:00 September 16th, 2016|Uncategorized|0 Comments

COMPLIANCE CERTIFICATES

When selling a property in South Africa, various compliance certificates are required in terms of certain regulations under the Occupational Health and Safety Act 85 of 1993, before the property can be successfully transferred and registered in the purchaser’s name. For purposes of this article only the certificates required in the inland region will be [...]

By | 2017-09-27T13:46:45+00:00 September 16th, 2016|Uncategorized|0 Comments