n Tax Breaks Newsletter - Questions & answers

Volume 2006, Issue 243
  • ISSN :



Extracted from text ... QUESTIONS & ANSWERS Q. My son has made an offer to buy off plan a freehold property in a complex. The stand costs about R550 000 and together with the house, the total cost is approximately R1.3 million. He has deposited R10 000 with the developer to secure the property. Is there an opportunity to save on either transfer duty or VAT by splitting the transaction into two: the purchase of the stand and the purchase of the house? A. Professor Peter Surtees and Mieke van Rensburg of Deneys Reitz Tax Services reply: Your question has three possible answers, depending ..

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