| Whatch this space for a property tax gap |
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WATCH THIS SPACE FOR A PROPERTY TAX GAP......
If you hold your home in a company or close corporation, stand by for a possible opportunity to save a significant amount of tax. If new tax legislation is passed as is (it's still in draft form), you could benefit significantly by transferring the property into your own name without paying transfer duty and STC (CGT will be rolled over) - potentially a very big saving!
If you plan to buy or sell a residential property in the interim, take advice now on how best to go about it.
The concession won't apply in all cases – we provide you with the details when the legislation is finalised and promulgated. So watch this space! |