Posts Tagged: property

Exclusive Use Areas

Exclusive Use Areas In Sectional Title Properties

Following on from our article on Buying in a Sectional Title Scheme, we delve a bit more deeply into Sectional Title Schemes, more specifically Exclusive Use Areas (EUA). To recap, a Sectional Title Scheme is a complex or development where a person purchases a section together with an undivided share in the common property. Sectional… Read more »

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Foreign Exchange & Transferring Money Abroad

From Trump to the constant uncertainty around Brexit, China’s growing influence throughout the world and the current situations in Iran and Syria, it’s safe to say the world is a rather unpredictable place at the moment. Of course, all this unpredictability has effects that are far reaching and one of those is currency. On a daily… Read more »

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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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Financial Emigration

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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VAT

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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Property Transfer and Bond Cost Sheet

Our property transfer and bond cost sheet gives an overview and simple breakdown of the costs involved when purchasing property in South Africa. These costs include attorneys fees (plus VAT), deeds office fees and transfer duty (for the total transfer costs). Please note that this cost sheet shows approximate costs and you should check the… 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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Brexit & The Currency

We’re now into month four after the Brexit referendum.  The leave campaign was looking like it would suffer a defeat at the hands of the stay campaigners, but as we all know, what would come around at 2am the following morning would be the biggest upset in the governments history. The uncertainty has spooked the… Read more »

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