n Tax Breaks Newsletter - Amnesty for domestic residences held by companies : transfer duty
|Article Title||Amnesty for domestic residences held by companies : transfer duty|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Aug 2009|
Prior to 2002, many people used private companies and close corporations as vehicles to purchase their homes. At the time, the purchase of the shares in a company or the interest in a close corporation owning a domestic residence was not subject to transfer duty.
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