The Head of Real Estate, Mr Keith Matthias informs all property owners that the eThekwini Municipality will publish their 2nd General Valuations Roll, (GV2012) today, 10 February 2012. In terms of the Municipal Property Rates Act a general valuation is required to be undertaken at least once every 4 years. The first general valuation in terms of this legislation was released in … [Read more...] about eThekwini Municipality 2nd General Valuations Roll
property
Divorcee wants split from accrual system
This week Property Poser's panel considers the implications of being married out of community of property with the accrual system. A reader tells us that she is married in terms of this regime and that the split of the accrual is 25/75 in her husband's favour. It appears that one of the biggest assets in the estate is a property valued at approximately R3 million, registered … [Read more...] about Divorcee wants split from accrual system
Owners of immovable property should transfer it into their own names as soon as possible
Those who own residential immovable property through a trust, company or close corporation (CC) have until December 31 2012 to transfer the property into their own name without paying tax. Ben Strauss, a Director in the Tax Practice at Cliffe Dekker Hofmeyr explains that until 31 December 2012, a trust, company or CC can transfer residential property tax-free to … [Read more...] about Owners of immovable property should transfer it into their own names as soon as possible
