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Alliott Global Alliance expands to 80 countries

Alliott Global Alliance announces the expansion of its international alliance of independent accounting and law firms to its 80th country. Alliott Global Alliance (‘AGA’) has reached another milestone in its development by increasing the international coverage it can offer to clients and member firms to 80 countries. This announcement comes on the heels of law [...]

The reasons for delay in Property Transfers and the Covid-19 factor

Buying a property is one of the most exciting and stressful undertakings an individual can undertake, especially for a first-time homebuyer. This is even more so due to the uncertain economic times we face in South Africa today. The transfer of property is a long process beset with legalities, and the process can easily become [...]

By |2021-02-01T12:12:44+00:00February 1st, 2021|Financial, Governments, Taxes|0 Comments

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

When purchasing a fixed property in South Africa, either Value-Added Tax (“VAT”) or Transfer Duty will always be payable on the transaction. Both VAT and Transfer Duty are calculated based on the purchase price or value of the property to be sold.  A transaction cannot be subject to both VAT and Transfer Duty - it [...]

By |2021-02-01T10:36:37+00:00February 1st, 2021|Financial, Governments, Taxes|0 Comments
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