n Personal Finance Newsletter - Odds stacked against first-time homebuyers : property

Volume 2005, Issue 301
  • ISSN :



Extracted from text ... PROPERTY Odds stacked against first-time homebuyers The real estate market has become the goose that lays the golden egg for SARS THE celebrated property boom is playing into the hands of the South African Revenue Service (SARS), which for the year to September reaped R8bn from transfer duties. During the past year to September 2004, the amount flowing into the state coffers rose to R6.6bn - an increase of 50% when compared to the value of R4bn gathered in the year to September 2003. These figures reveal that transfer duty collections have doubled in the last two years. On ..

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