Page 4 - Robin Twaddle PTG 2017 Digital
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CONTENTS
2017/2018 Budget Highlights ����������������������� 2 Sectional Title and
Community Schemes �������������������� 21 – 31
Normal rates of tax payable by natural
persons : 2016, 2017, 2018 �������������� 3 – 4 Costs of Buying & Selling Property ������� 32 – 33
Transfer Duty on Immovable Property ������������� 5 Exchange Control ���������������������������������������� 34
Capital Gains Tax & Your Property �������������� 6 – 8 Your Will & Your Property ����������������������������� 35
The Deed of Sale ������������������������������������ 9 – 11 Regulations for new buildings and
energy usage ���������������������������������������� 36
Home Loans and Mortgage Bonds ����������������� 12
Trusts �������������������������������������������������� 37 – 39
The Consumer Protection Act ���������������� 13 – 17
Donations Tax ���������������������������������������������� 40
Purchasing via Legal Entities –
Pro’s & Con’s ��������������������������������������� 18 Estate Duty ������������������������������������������������ 41
The Protection of Personal Information Act ����� 19 Mortgage Bond Repayment Factors �������������� 42
Tax Implications on the leasing of Sale of Property Timeline ���������������������������� 43
property ���������������������������������������� 19 – 20
Comparative Tax Rates �������������������������������� 44
The Rental Housing Act ��������������������������������� 20
Illustrative Table Of Bond &
Transfer Costs ������������������������������ 45 – 48
IMPORTANT NOTE AND DISCLAIMER
This guide is an easy reference, pocket-sized overview of the South African Tax System and residential
property, incorporating announcements made in the Budget delivered on 22 February 2017.
◆◆ The information contained in this guide is a summary of current legislation, budget proposals and
property related information.
◆◆ We suggest that you do not act solely on material contained in this guide as the nature of
the information contained herein is general and may in certain circumstances be subject to
misinterpretation. In addition, the budget proposals may not include all legislative adjustments
which could be made in the near future. The information is provided with the understanding that
no legal or professional advice is being rendered in this guide. We recommend that our advice be
sought when encountering these potentially problematic areas.
◆◆ It is specifically noted that the Table of Bond and Transfer Costs are illustrative in nature and based
on recommended guidelines of fees issued by and on behalf of the various law societies from time
to time. Our fees may therefore vary from the guideline, based on the requirements of each specific
matter quoted for.
◆◆ While every care has been taken in the compilation of this guide, no responsibility of any nature
whatsoever will be accepted for any inaccuracies, errors, or omissions.
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