Finding the right Estate Agent to help you
With the advancement of technology throughout the world, many industries and jobs have changed and/or moved online. Real Estate is no exception, with online estate agencies popping up left, right and centre. While some see value in the ability to operate and do things online, when it comes to buying or selling a home, most… Read more »
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South African Financial Emigration
Recent reports have shown that there has been a noticeable uptick in the number of South Africans looking to emigrate, but many don’t know how to go about the financial side of things. While many think that they can simply pack up and go and just “send the money”, the reality is not as straightforward…. Read more »
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10 Year Birthday!
THANK YOU! It’s hard to believe that it’s been 10 years since we started Non Res SA. I still remember drawing up our first brochure and walking into estate agencies to explain and sell our services. It was tough, especially since it was all during the 2008 property crisis but we soldiered on and thank… Read more »
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The Ramaphosa Effect On The Rand
Since the last few trading days in November the value of the Rand has appreciated significantly when measured against the Dollar, the Euro and the Pound. In the days leading up to the African National Congress (ANC) conference, 18th Dec 2018, we saw an ailing Rand where political and economic risks were generously priced into the… Read more »
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How Does The Drought Affect Property Transactions?
The current drought in Cape Town creates a practical and legal problem in that the seller in most instances cannot deliver the property to the purchaser in the same condition it was at the time of sale, specifically the garden and swimming pool. The seller furthermore has a duty to obtain a water certificate if… Read more »
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VAT & Property
Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »
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The Common Reporting Standard & South Africa
In June 2017, South Africa joined many other nations committed to providing information for the Common Reporting Standard (CRS) as developed by the Organisation for Economic Co-Operation and Development (OECD) in an effort to combat global tax evasion. Tax evasion and avoidance has become a global issue and governments are taking action to combat this trend… Read more »
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Motor Vehicle Registration for Non Residents
UPDATE (04/09/2018): Many of our clients are struggling at the Traffic Department to register vehicles or obtaining a Traffic Register Number. We have tried to get further information from the Traffic Department with no success, and therefore the information in this article serves as a guideline using the information we were able to obtain previously… Read more »
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Property Compliance Certificates
A compliance certificate is a document which provides the parties with an assurance that all required safety standards have been complied with. Some certificates are required under National Legislation such as electrical and electric fence, whereas others are required by Municipal By-Law such as the Plumbing Certificate required by the City of Cape Town. ELECTRICAL… Read more »
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Transfer Duty, Withholding Tax & Capital Gains Tax (CGT) 2017
With the announcement of the annual budget towards the end of last month, Minister of Finance, Pravin Gordhan focused on key issues of reducing government spending and working towards radical economic change. While the main interest for most of us was the rise in Income Tax, for those looking to purchase or sell property it… Read more »
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