If you have an interest free loan or low interest loan which is owed to you or your company from a Trust, then you need to pay attention, as failure to do so could result in an unwanted tax liability come the end of February 2018. The Law Section 7C of the Taxation Laws Amendment...Read More
If you have an interest free loan or low interest loan which is owed to you or your company from a Trust, then you need to pay attention, as failure to do so could result in an unwanted tax liability come the end of February 2018. The Law Section 7C of the Taxation Laws Amendment...Read More
“It is declared that, upon transfer of a property, a new owner is not liable for debts arising before transfer from the charge upon the property …” (Constitutional Court Order) How does the recent Constitutional Court decision on “historical rates” affect you in practice? UNDERSTANDING THE ISSUE At issue was that some municipalities would force...Read More
“A verbal contract isn’t worth the paper it’s written on” (Samuel Goldwyn) A recent High Court judgment is yet another reminder of how essential it is to comply with all necessary formalities when entering into any sort of agreement, particularly when dealing with the sale of property. A FIGHT OVER EVICTION AND A PROPERTY TRANSFER...Read More
“In war and litigation, both sides suffer” (old Roman proverb) Here’s yet another reminder from our courts on how important it is – if you want to avoid the trials of litigation – for you to have your property sale agreement drawn up professionally. One thing it must do, as the case in question clearly...Read More
“Cheops’ Law: Nothing ever gets built on schedule or within budget” (Robert A. Heinlein) Hopefully you won’t have to wait 20 years for your new dream home to be built – that’s how long Cheops (ancient Egyptian pharaoh) had to hang around twiddling his thumbs whilst his Great Pyramid of Giza was going up –...Read More
“Cheops’ Law: Nothing ever gets built on schedule or within budget” (Robert A. Heinlein) Hopefully you won’t have to wait 20 years for your new dream home to be built – that’s how long Cheops (ancient Egyptian pharaoh) had to hang around twiddling his thumbs whilst his Great Pyramid of Giza was going up –...Read More
“… the difficulty experienced by bodies corporate in collecting arrear levies is not a novel one. It is part of a ‘socio-economic problem’” (extract from judgment below) Levy collections are the life blood of sectional title schemes, and collecting them is likely to get harder with the economic fallout from our downgrade to junk status....Read More
“… the difficulty experienced by bodies corporate in collecting arrear levies is not a novel one. It is part of a ‘socio-economic problem’” (extract from judgment below) Levy collections are the life blood of sectional title schemes, and collecting them is likely to get harder with the economic fallout from our downgrade to junk status....Read More
“Diligence is the mother of good fortune” (Miguel de Cervantes) Another warning to do your homework before you buy or develop property comes from a recent High Court decision to set aside a municipality’s approval of building plans. FROM SEA-VIEW BALCONIES TO WALLED-IN COURTYARDS A 17-storey inner city building incorporated residential apartments on its higher floors, the...Read More
