Tax Updates

Budget News

Budget News

Relief in affordable housing market : Transfer duty is tax payable on the value of any property acquired by anyperson in RSA.Properties with values from R0 to R 750,000 have enjoyed a transfer duty on 0%. the cap on the duty free properties has been increased to R900,000 for the new tax year.

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Acquisition of Equity Shares

Acquisition of Equity Shares

The acquisition of shares generally triggers the Security Transfer Tax (STT) payable by a company whose shares are beingsold but recoverable from the Purchaser. It infrequently happens that the purchase of shares is liable to tax other than STT.This article deals with the situation where the purchaser of shares in a company will be personally liable to withhold theamount of tax in respect of the acquisition thereof

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