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“Miltons Matsemela Inc
is a firm of attorneys specialising in conveyancing. We’re very
good at what we do. We know that when you decide to sell your property
you want results fast. Not only that but you want your money fast. We
can help, but only if we’re on your side."
TAX LAW BREAKS FOR HOMES OWNED BY COMPANIES AND TRUSTS
September 2009 - Milton Koumbatis
writes:
Until a few years ago and as a result of a “gap” left in the transfer duty laws at that time, many people chose to register their homes in the name of companies, close corporations or trusts. The gap in the transfer duty laws has since been closed leaving many people with little to no reasons for keeping the property in such corporate entities. In fact in many cases there is nothing but disadvantage especially in the field of capital gains tax. As you probably know corporate entities do not enjoy the same capital gains tax concessions offered to ordinary people.
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