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Finance Minister Pravin Gordhan yesterday delivered his 2017 budget speech and the next few days will undoubtedly bring about much analysis and dissection of the provisions announced (as well as what was not announced) by all corners of society. Mr Gordhan highlighted in his speech the value of economic transformation of the economy and stressed the importance of maintaining a culture of exceptional sound fiscal policy. Tax wise, the most significant change for property investors will undoubtedly be the adjustment in the transfer duty threshold to R900 000.00 (up from R750 000.00) from the 1st of March 2017.
24 Feb 2017 // read more
“There’s no tragedy in life like the death of a child” (Dwight D. Eisenhower)
2 Feb 2017 // read more
24 Nov 2016 // read more
Most owners in Sectional Title schemes can expect their levy payments to increase now that the Sectional Titles Schemes Management (STSM) Act has come into operation. The reason, says Andrew Schaefer, MD of leading national property management company Trafalgar, is that the new legislation introduces a compulsory requirement for all schemes to establish and/ or maintain a substantial reserve fund to cover the future cost of any major maintenance projects or emergency repairs to common property. “The aim of this provision is to eliminate the need in due course for schemes to introduce onerous special levies to cover unexpected expenses, but in the short term it is likely to place an additional burden on most sectional title owners.”
21 Oct 2016 // read more
Deel ek nou my goed aan my kinders uit, of moet hulle wag totdat ek dood is
11 Oct 2016 // read more
Financial services company FNB says that foreigner buying of domestic property is showing sideways movement, and is off its peak level achieved in late-2014.
12 Aug 2016 // read more
If someone leaves a sizeable estate behind, it may cause conflict among the possible heirs. The help of an attorney, when settling an estate after a death, can avoid unnecessary troubles
10 Aug 2016 // read more
Attorneys often emphasise the fact that you should have a will drawn up and revise it regularly in order to facilitate the bequeathing of your possessions after your death. Many people still omit to do this. The problem is that, should a person die without leaving a valid will, in other words intestate, his/her estate will be administered and distributed according to the stipulations of the Intestate Succession Act No 81 of 1987.
24 May 2016 // read more
Why are all the loose documents not filed? Would it not have been less stressful if all the house’s documents were kept in a central location, neatly and up to date?
31 Mar 2016 // read more
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