The recent judgment by the Supreme Court of Appeal in Spring Forest Trading 599 CC v Wilberry (Pty) Ltd t/a Ecowash and another [2015] JOL 32555 (SCA) has had far reaching consequences as regards the variation of contracts by
One quite often comes across non-refundable deposits in Offers to Purchase properties. In addition most Deeds of Sale contain breach clauses that stipulate that in
The long awaited Sectional Title Amendment Act 11 of 2010 has finally been published on 7 December 2010. The Amendment Act aims to clarify, define
The Sectional Titles Act has recently been amended. Some of the managing agents are interpreting the amendment to mean that the Seller has to pay
We are pleased to advise that a new protection mechanism has recently come into effect which provides protection for sectional title owners. Prior to the
Very often the question arises as to whether the purchaser must pay transfer duty on a particular transaction or whether there is no transfer duty
Exemption of transfer duty when taking transfer after divorce EFFECTIVE 25 JULY 2006 Please note that from 25 July 2006 a surviving or divorced spouse
The Receiver of Revenue will now do a risk analysis regarding outstanding taxes on both the transferor and the transferee on all transfer transactions. If
A) For properties acquired at any time (i.e. before or after the 1st of October 2001):- The normal method The capital gains tax is calculated
This brief guide is intended to outline in very broad and brief terms, the key principles that form part of Capital Gains Tax legislation in
As you are aware the judgment in the case of City of Tshwane v Mathabathe has led to the Municipalities seizing upon the opportunity to
The National Environmental Management: Biodiversity Act 2004 (Act No 10 of 2004) (The “Act”) provides for the management and conservation of South Africa’s biodiversity and
NOTE! IT IS STRONGLY ADVISED THAT YOU CONTACT AN ATTORNEY OR CONVEYANCER SPECIALISING IN THE SALE OF IMMOVABLE PROPERTY AND RELATED TRANSACTIONS SUCH AS DYKES
Fractional Ownership based on the ownership of undivided shares in a property as opposed to shares in a company or member’s interest in a CC
Since the 1st of September 2007 it is imperative that an estate agent notify the conveyancer that the seller is a non-resident otherwise the agent
There have been certain articles recently which have stated that South Africa intends to only allow foreigners to purchase property on a 99 year lease.
The Financial Intelligence Centre Act (hereinafter referred to as “FICA”) was passed by Parliament in December 2001 and is being promulgated in a phased approach.
The Financial Centre Intelligence Centre (hereinafter referred to as “the Centre”) is in the process of enhancing its operating systems in order to optimize its
The question of amendments to the bond clause as a result of the passing of the National Credit Act has been the subject of much
In terms of the National Credit Act amnesty will be granted in respect of all defaults (that is bad payment records) listed before the 1st
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