Value Added Tax (VAT) or Transfer Duty…which tax will be applicable to your purchase of immovable property and who will be liable for payment of that tax? The answer to both questions depends on the type of transaction the parties entered into. WHEN AND WHO PAYS FOR...
New minimum wages for domestic workers in South Africa have been published, on the 24th of November 2014 in Government Gazette No. 38237, and must be applied from 1 December 2014 until 30 November 2015. In major metropolitan areas, domestic workers have an hourly rate...
You found your dream home and want to make an offer, but you are worried about your budget and everyone keeps telling you that with a new house there are so many additional costs you need to take into account. So what are these costs? Generally speaking there are...
If you are considering donating money towards a charitable cause or gifting your child, spouse or best friend with a sum of money, a car or a even a house, keep in mind what the Income Tax Act, Act 58 of 1962 has to say about such disposals. According to the act a...
There is a legal obligation on biological parents as well as the legal guardian of a child to pay maintenance in order to support the child financially. This obligation includes contributions towards paying for food, clothing, accommodation, medical care and...
Careful and creative estate planning is crucial to preserving your wealth for your family’s future. Whether or not you realize it, you have an estate that will be subject to default laws of taxation and distribution that may not align with how you desire your estate...
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