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Showing posts from February, 2015

BUDGET SPEECH 2015

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Hi The most relevant part of Minister Nene's Budget Speech for those involved in the Property Industry was the amendment to Transfer Duty. The new rates will only apply to property acquired on or after 1 March 2015 by any person, including companies, close corporations and trusts.  In summary, the following was announced in the Budget: Rate of transfer duty                 Taxable Income (R) Rate of Tax (R) R0 - R750 000 0% of property value R750 001 - R1 250 000 3% of property value above R750 000 R1 250 001 - R1 750 000 R15 000 + 6% of property value above R1 250 000 R1 750 001 - R2 250 000 R45 000 + 8% of property value above R1 750 000 R2 250 001 R85 000 + 11% of property value above R2 250 000  Please don't hesitate to contact us if you require a detailed quote relating to the total costs involved in Property Transfers or if you want advice on how to mitigate

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!