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yvonne@lbvorster.co.za

028 313 0136  

OVER 40 YEARS OF PRACTICING LAW

Buying from a Non-Resident

Buying from a Non-Resident

by | Jul 26, 2021 | Blog

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 (including non-residents) are burdened with a statutory duty to withhold a certain percentage of...