1. CAPITAL GAINS TAX (CGT)

    A In the letter the reader enquired whether it was necessary for the "ordinary houseowner" to have his or her property valued for CAPITAL GAINS TAX purposes. This question pertains to a very important exemption which applies in...

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2. Different Legal Entities Property Can Be Registered In

Immovable property may be registered in the name of natural persons or in the name of a legal entity such as a trust, CC or company. Clients who intend purchasing a residential property which is to be their primary residence (permanent home)...

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3. Zoning Of Land

Zoning Of Land Determining usage of property You may not use property for purposes other than that for which it is zoned - these zonings generally being residential, commercial or industrial. However, it is possible to apply for rezoning...

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4. When are the transfer costs due and to whom are they paid?

A few weeks after the sale, when you sign your documents, your conveyancer will request that you pay the transfer costs. The Conveyancing attorney has to pay the transfer duty - the major charge on most transfers - in advance, as well as the...

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5. The South African land registration system.

Almost all land has been surveyed by a qualified land surveyor which survey is reflected on a surveyor general diagram, which is get in the offers of these surveyor general.  Further to the above all these surveyed land is a registered in the...

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6. Rezoning or Subdividing Your Property.

You need to apply to the local authority to re-zone or subdivide a property. Your application can take anything from 6 to 4 Years to be approved or declined. The documentation required is very involved and expensive, it is advisable to seek...

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7. SARA permission

SARA permission A Person may not alter or demolish any structure or part thereof which is 60 years or older without a permit from the relevant Provincial Heritage Resources Authority. Speak to one of our Conveyancers for Specialist advice in...

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8. The difference between possession and occupation

The difference between possession and occupation Occupation is the right to use and enjoy the property.   Possession is associated with the legal risk  of  loss  or  destruction of  the property and the right to enjoy the...

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9. Conveyancing Terms Explained

Glossary of Conveyancing terms: Act An Act is a form of legislation passed by the courts for the government. Addendum An Addendum is a supplementary agreement to an original sale contract covering points agreed to afterwards. It is a...

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10. Conveyancing Terms Explained

Glossary of Conveyancing terms: Act An Act is a form of legislation passed by the courts for the government. Addendum An Addendum is a supplementary agreement to an original sale contract covering points agreed to afterwards. It is a...

Friday, 06 February 2009 | 536 hits | Print | PDF |  E-mail | Report | Read more