Results 1 to 10 of 16

Thread: Primary residence in CC

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Gold Member Martinco's Avatar
    Join Date
    Oct 2008
    Location
    Rustenburg
    Posts
    927
    Thanks
    175
    Thanked 136 Times in 108 Posts

    Primary residence in CC

    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 ?
    Martin Coetzee
    Supplier of Stainless Steel Band and Buckle and various fastening systems. Steel, Plastic, Galvanized, PET and Poly woven.
    We solve your fastening problems.
    www.straptite.com

    You may never know what results will come from your actions, but if you do nothing, there will be no results... Rudy Malan 05/03/2011

  2. Thanks given for this post:

    BBBEE_CompSpec (08-Dec-09)

Similar Threads

  1. Deducting portion of rent/bond repayment
    By emblic in forum Tax Forum
    Replies: 2
    Last Post: 03-Jul-09, 01:00 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •