Owning your house through a Trust

Owning your house through a Trust. A common question is whether it makes sense for your company or your family trust to be the owner of your home. This is a very complex area of legislation that is currently under review and is in a state of flux. Burman recommends you consult an expert who …

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Home-based businesses

Home-based businesses and capital gains. Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your dynamic home. Property Angels – Success Together If a homeowner carried on a profitable business from the property and has claimed …

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Secondary properties

Secondary properties and Capital Gains It is important for homeowners to bear in mind that only one house may be regarded as a primary residence. Therefore if the property disposed of by the Smiths was their weekend holiday home, SARS would not regard this as their primary residence. They would be unable to claim the …

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Primary Residence Exclusion

Primary Residence Exclusion Certain exclusions within the Income Tax Act provide for some tax relief This is when it comes to the disposal of a primary residence by a natural person, says Burman. Where the selling price of the property is less than R2 million the entire capital gain or loss must be excluded for …

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Property Tax implications

Property tax implications. The decision to sell your home is a big one, and generally involves both emotional and financial factors. Often it coincides with a change in circumstances. This can be new job requiring relocation, a baby on the way, or perhaps children leaving the nest. The reasons for selling your home are many …

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What is Gearing in Real Estate?

What is Gearing? De Waal says the term gearing is the same as using other people’s money to invest. Gearing is thus your own investment with a multiple to achieve that 171% growth. Let’s say you to any of the top financial institution and you decide that you want to buy shares. Even their own …

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Creative Property Finance

Creative property finance. If you have R35,000, or even R18,800 available, you can buy a property through the Rent2buy Finance product. A deposit of R35,000 can secure you a property to the value of R1m, and a deposit of just R18,800 can get your foot in the door with a property valued at R550,000, says …

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