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PROPERTY TRANSACTIONS ATTRACT VALUE ADDED TAX

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 [...]

By | 2018-05-16T13:32:34+00:00 March 29th, 2018|Uncategorized|Comments Off on PROPERTY TRANSACTIONS ATTRACT VALUE ADDED TAX

INDEMNITY CLAUSES AND THE CONSUMER PROTECTION ACT

INDEMNITY CLAUSES AND THE CONSUMER PROTECTION ACT Many agreements, ranging from building contracts to hospital admission documents, include indemnity clauses. These clauses seek to limit the liability of suppliers wherever the supplier may cause damages, personally and/or via its employees. While it has always been an established part of our law that one cannot be indemnified [...]

By | 2018-05-16T13:46:00+00:00 March 7th, 2018|Uncategorized|0 Comments

MASTER’S FEES INCREASE HECTICALLY!

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, [...]

By | 2018-05-16T13:49:49+00:00 February 1st, 2018|Uncategorized|0 Comments

LABOUR LAW AMENDMENT ACT MAJOR CHANGES TO BE SEEN IN THE CURRENT LEAVE STRUCTURE

LABOUR LAW AMENDMENT ACT MAJOR CHANGES TO BE SEEN IN THE CURRENT LEAVE STRUCTURE Since October 2015, MP Cheryllyn Dudley has been the driving force behind the Labour Law Amendment Bill (“the Bill”) which is expected to revolutionise the current leave structure and parental rights in South Africa. This comes after a fresh approach to maternity leave [...]

By | 2018-05-16T13:58:21+00:00 January 5th, 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 [...]

By | 2018-05-17T08:56:43+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 | 2018-05-17T14:00:41+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 | 2018-05-17T14:01:42+00:00 June 8th, 2017|Uncategorized|0 Comments

Electronic Signatures ECTA

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 [...]

By | 2018-05-17T14:03:25+00:00 January 26th, 2017|Uncategorized|0 Comments

Louise Tonkin Wins Again

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 [...]

By | 2018-05-17T14:03:51+00:00 January 26th, 2017|Uncategorized|0 Comments