Transfer of a property: Is VAT or transfer duty payable?

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...

Tips for 1st time home buyers

You are not behind on your bills… have some cash saved… have a steady job…and are ready to start investing in your future… Property is generally a good investment, but watch out for the pitfalls before you buy. It is very important for buyers...

Avoid illegal building alterations

When you are buying a property, make sure that the buildings and structures (including swimming pools) have valid (properly approved) building plans. Most contracts for the sale of land have a voetstoots clause in…this means you buy the property as is. You will...