Transfers can take place from a A trading entity that is commonly used for commercial activity and may enter into agreements of sale or lease in its own name. Afrikaans - Maatskappy

">Company, Close Corporation and A contract between the founder and the trustee in terms of which the trustee is to administer the trust fund for the benefit of the beneficiaries.

">Trust to its Shareholder / Member or

Beneficiary free of Transfer Duties from 11 September2009 until 31 December 2011 subject to terms and A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time, subject to the occurrence of a future event, and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated, the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand

">conditions.
 

A A tax levied by the government on the transfer of land. If the purchase price includes VAT no transfer duty is payable. Afrikaans - Hereregte

">Transfer Duty Exemptions is provided by the Receiver of Revenue and for this purpose, the following

documents have to be lodged with the Receiver in addition to the standard affidavits (TD1/TD2):

 

- The Also referred to as the Agreement of Sale or Offer to Purchase. Afrikaans - Koopkontrak

">Deed of Sale between the Company/Close Corporation/Trust and the Shareholder/Member/Beneficiary

in his individual capacity;

- The affidavits and An attorney who is appointed by the seller and is qualified to attend to the registration and transfer of immovable property from a seller to a purchaser and the registration of any bonds. Afrikaans - Aktebesorger

">Conveyancer certificate attached hereto; - Copies of the Share register/CK1/CK2/

Trust Deed indicating the beneficial interest from 11 September 2009.

 

For Further information contact :

Louwrens Koen Attorneys & Conveyancers

Tel: 012-343 0267

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