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n Personal Finance Newsletter - Property tax amnesty : beware of bank manager nasties : property

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Abstract

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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/content/monpf/2009/347/EJC77746
2009-12-01
2016-12-05
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