I read in a recent article in the Rapport that there is a possibility that SARS is going to give owners of houses vested in a closed corporation the opportunity to register the property in your own name without having to pay transfer fees and capital gains tax. This is provided it is your primary residence and not your holiday home at the coast. According to Rapport this still needs to go before parliament and if approved will give the owner 2 years from beginning next year to end 2011 to do so.
Anybody with more info on this ? And why ? Surely it will deprive SARS of millions in revenue or has it something to do with the phasing out of CCs ?