Tag: property tax

Article courtesy of Law Dot News |Estate Planning | Wills | Property Estate Planning: The Ambush Tax Lurking in the Wings “I can’t afford to die; I’d lose too much money.” (George Burns, comedian) At the heart of any estate plan lies your will. Pair it with a file containing all the information and documents that your executor and heirsRead more

Phew! No major tax increases are planned, and taxpayers will benefit from zero “bracket creep” across a range of taxes. While property sellers and buyers will be disappointed that transfer duty thresholds have not increased, there’s reason to get very excited about the 50% increase in the primary residence CGT exclusion from R2m to R3m.

Read on for an illustrative calculation of CGT savings, some of the more important tax tables, and a calculator to show you how much more or less you will be paying in taxes.

Article courtesy of Law Dot News | Property | Tax Selling Property this Festive Season: The Property Tax Angle December and January have always been prime months for selling residential property in South Africa, and if you are a “Festive Season Seller”, here are two really important tips for you. Plan your finances Understand and plan for all the financialRead more