A Summary of the New Electrical Fence Certificate

Sellers should be aware that there has been a new addition to the Electric, Gas, Water and Beatle Certificates when transferring a home. Regulation 12 of the Electrical Machinery Regulations to the Occupational Health and Safety Act became effective as from 1 October 2012.   The regulation effectively stipulates that :   1. All users…

Should I Buy Property In My Name or in a CC, Company or Trust?

And the 31 December 2012 deadline to transfer into personal name Various entities can hold ownership of immovable property. Transfer can be effected to a natural person in his personal capacity or to a legal entity that is a trust, company (Co) or a closed corporation (CC). There are specific tax implications to consider. Since…

OVERVIEW OF PLUMBING GUIDELINES FOR CERTIFICATE OF COMPLIANCE

Our clients are often unsure about the extent of the plumbing certificate of compliance that has become law in the Cape on the transfer of ownership. As part of our ongoing service to present and passed clients, we would like to present you with the following summary from Techno electrical to what this entails.

BUDGET SPEECH – TAX CHANGES AFFECTING PROPERTY

  NEWSFLASH!   BUDGET SPEECH – TAX CHANGES AFFECTING PROPERTY   On 22 February 2012 the Minister of Finance Pravin Gordhan delivered the annual budget speech and made some notable changes to the tax payable regarding the property industry.    As from 1 March 2012 the inclusion rate for capital gains tax will be increased…

ESSENTIAL TIPS WHEN BUYING A HOLIDAY HOME

  Many South Africans cherish the idea of owning a holiday home to which they can retreat, sit back and kick up their feet. So, as many South Africans head off to one of our country’s holiday spots, we highlight a couple of determining factors to aid potential holiday home buyers in assessing whether their…