n Personal Finance Newsletter - Property tax amnesty : beware of bank manager nasties : property
|Article Title||Property tax amnesty : beware of bank manager nasties : property|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Dec 2009|
The new amendment to the taxation laws, with regard to residential properties in a company, close corporation (CC) or trust, has been widely publicised. But just in case you're still in the dark: If you own your primary residence in the name of a company, CC, or trust, you have a window period until 31 December 2011 to transfer this property into your personal name, without incurring transfer duty and Capital Gains Tax.
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