2022 / 06 / 23 VAT is levied at 15%. Certain property transactions will attract VAT and in which case they will not attract transfer duty. How do we know when the transaction attracts transfer duty or VAT? The golden

2022 / 06 / 23 Capital Gains Tax (“CGT”) is not a separate tax but forms part of income tax. CGT is basically a tax on the resale of any assets. Anyone who disposes of or sells fixed assets is liable for

2022 / 06 / 23 Briefly, Section 35A of the Income Tax Act, ensures that the liability of tax payments by a non-resident is honoured by requiring that the funds are available. In terms of Section 35A of the Income

2022 / 06 / 21 RECEIVE OFFER TO PURCHASE (“OTP”) (1-2 DAYS)The Property Transfer Attorney (“TA”) will: Receive the OTP and deposit if applicable. Request the Title Deed from the Seller or bank request the bond cancellation figures from the

2022 / 06 / 21 REQUEST TO CANCEL BOND receives a request for Cancellation of the bond from you or the Transfer Attorney (“TA”) INSTRUCTION TO ATTORNEY Cancellation instructions are issued by the Bank to the TA and a Panel

2022 / 06 / 21 RECEIVE BOND INSTRUCTIONS (1 DAY)Bond Registration Attorney (“BRA”) receives instructions from the Bank to attend to the bond registration on behalf of the Purchaser/Mortgagor. CONTACT CLIENT (1 DAY)Purchaser/Mortgagor is contacted within 12/24 hours and a