Withholding Tax in terms of Section 35A of the Income Tax Act, 58 of 1962

n terms of section 35A of the Income Tax Act where the purchase price of a property exceeds R2 000 000, there rests a duty on the purchaser to withhold tax on the sale of land belonging to a non-resident of South Africa. Where the...

Advice To Property Sellers

Below are nine important matters to consider when selling your property: 1. BOND CANCELLATION AMOUNT 1.1 PENALTY INTEREST Penalty interest is often overlooked and an important factor to take into consideration whencalculating the expected proceeds on your sale. “Notice Penalty” All the major banks’ terms...