Transfer duty – No surprises – Part 2
The Transfer Duty Act 40/1949 (“the Act”) states that transfer duty (duty) is to be levied on any property acquired by any person by way of a transaction. The Act is clear as to whom and by when the duty is to be paid. It states that the duty shall be payable by the person […]
Planning your estate as newlyweds
For newlyweds, one of the most important tasks to attend to is estate planning. The estate planning will depend on what the couple wants and what form of marriage they are in. It is therefore important to keep the following in mind when planning the years ahead together. Marriage in community of property There is […]
SPLUMA and its effect on the property industry
The Spatial planning and Land Use Management Act (SPLUMA) came into effect on 1 July 2015. The purpose of the act is to develop a more unified framework when it comes to Spatial Planning in South Africa. For many years, South Africa has suffered from a fragmented system of Spatial Planning, a holdover from the […]