National Budget Speech Summary 2020
Finance Minister Tito Mboweni stepped up to the lectern with his Aloe Ferox plant in hand today, to deliver to the nation the annual Budget Speech, setting out the government’s plan for its finances for the year ahead. “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins… Read more »
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National Budget Speech Summary 2019
This week the Minister of Finance delivered the annual Budget speech for South Africa’s year ahead. In his speech, the Minister, Tito Mboweni placed emphasis on ridding the government of rot in order for new growth to take place – a clear indication that the ruling party are trying their best to clean up the… 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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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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South African Budget Summary 2017/18
Yesterday Minister of Finance for South Africa, Pravin Gordhan delivered his annual Budget Speech, focusing on the 2017/18 year ahead. In his address, he spoke of Government’s plan for growing a stronger economy and having a budget that can thrive and deliver to the country’s citizens over the long term. Expected economic growth this year… Read more »
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Buying Property In A Trust
We are often asked by clients of the advantages and/or disadvantages of buying a home through a trust as opposed to buying it in your individual capacity.
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Tax: 2015 & Beyond
Albert Einstein is accredited with stating that the hardest thing in the world to understand is the income tax.
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