Transfer duty, STC and Capital Gains Tax exemptions effective from 30 September 2009
Tuesday, July 6, 2010
The South African Revenue Services(SARS) has made the practice of owing one’s domestic residential property in a company very costly from a tax point of view. Most people do not realise how large the bundle of taxes is; especially when the shareholder of a home owning companies dies. By taking advantage of this amnesty, you will save the full Capital Gains Tax payable by the company, the Secondary Tax on companies, as well as the cost of the annual return to CIPRO.
