Normally in life rights schemes, there is no change of ownership. So, no transfer duty and no vat.
As I understand it, what is actually paid for is the right to occupy by the purchaser (or the surviving spouse), not ownership.
Normally in life rights schemes, there is no change of ownership. So, no transfer duty and no vat.
As I understand it, what is actually paid for is the right to occupy by the purchaser (or the surviving spouse), not ownership.
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