FICA Compliance when Buying or Selling Property:

FICA Compliance

Let’s be honest—nobody enjoys paperwork, especially when it comes to FICA compliance. Believe me, I understand—it can feel like a hassle. But FICA isn’t just bureaucratic red tape designed to make our lives difficult; it’s there to protect both you and me, and to help keep our country safe.

Continue reading »

Understanding the “Voetstoots” Clause.

A contract to buy or sell property would invariably include a “voetstoots” clause, which is intended to protect sellers. However, the “voetstoots” clause does not always protect a seller against defects in the property, so Buyers and Sellers must make sure they understand the meaning and implications of a “voetstoots” clause…

Continue reading »

Capital Gains Tax… Don’t be caught off-guard!

Capital Gains Tax when selling property

Are you planning to sell your property in South Africa? Don’t let unexpected taxes catch you off guard! In this video, we break down everything you need to know about Capital Gains Tax (CGT) on property sales. Learn how to calculate your capital gain, the allowable deductions, and the exclusions that can significantly impact your profits. Make informed decisions and plan ahead to maximize your returns.

Continue reading »

Building Plans – are they required?

Approved building plans, or the absence thereof, could greatly affect the saleability of your property. It is really important to make sure you have approved building plans for all structures on your property, otherwise you may end up jeopardising the sale of your property.

Continue reading »