theresa@lbvorster.co.za
028 313 0136
Articles
Transfer Duty or VAT
TRANSFER DUTY OR VAT?Whenever immovable property is being transferred from A to B (irrespective of whether the parties are individuals or legal entities), the transaction will...
Buying from a Non-Resident
On 1 September 2007, section 35A of the Income Tax Act, No 58 of 1962 (“the Act”), came into operation.In terms of Sec 35A of the Act all purchasers of immovable property...
The Consumer Protection Act and the Voetstoots-clause
In the previous article of this series the difference between patent and latent defects was discussed. The way in which the owner of immovable property would protect...
Two Important Clauses in a Deed of Sale
A CLAUSE DEALING WITH FIXTURESIt is always advisable to specify in a deed of sale relating to immovable property what items will, by agreement, be removed by the seller and...
Non-Residents Buying & Selling Immovable Property in SA
In South Africa there are currently no restrictions on ownership of fixed property by non-residents (provided they are not classified as illegal immigrants) and therefore all information...
Electrical Certificates of Compliance
A general misconception among the majority of property owners is that a seller of fixed property is only legally required, prior to registration of transfer, to furnish a...
Option & Right of First Refusal
OPTIONAn option in respect of immovable property is nothing more than an offer by the owner (the “grantor”) to sell his/her/its property to a potential purchaser (the...
Immovable Property sold as part of an Enterprise
In a previous article in this series we have learnt that the sale of immovable property forming part of an enterprise that is being disposed of as a running concern may qualify...
The reckoning of time frames in deeds of sale
It is essential for parties to a deed of sale in respect of immovable property to have absolute clarity as to the exact date of expiry of any period of time stipulated...
The composition and calculation of transfer costs
The purchase price (or in some cases the value) of a property determines the tariff at which the costs incidental to the transfer thereof are calculated.Although it is...
Suspensive Clause in Deed of Sale
The contents of any agreement are commonly referred to as “terms”, “conditions” or “stipulations”. Contracts for the purchase of fixed property (the Offer to Purchase and once...
How to Limit Delays in the Transfer Process
In any property transaction the purchaser, to a large extent, holds the key to a swift completion of the entire transfer process. Unfortunately, should it be his/her intention,...
Book your free 30 minute consultation valued at R1 200 over the phone or at our office now
Phone: 028 313 0136
Cell: 064 859 0006
Email: theresa@lbvorster.co.za
Address: Suite 24/25, Upper Floor