n Tax Breaks Newsletter - Offshore mortgages and CGT : capitals gains tax

Volume 2009, Issue 286
  • ISSN :



So you have eventually found the offshore property of your dreams. It comes as a relief that you learn that you are able to raise an offshore mortgage bond to finance this wonderful opportunity. The South African Reserve Bank allows offshore mortgage bonds as long as certain criteria are met. But what about the CGT implications of foreign currency rate fluctuations if you have not yet settled the loan?

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