Will I have to pay VAT on the sale of my property?

In most cases, transfer duty and not VAT is relevant for the sale of land. VAT will only be relevant if the seller is registered for VAT and the land is part of his VAT enterprise. If a farmer, registered for VAT, for example, sells his farm, such sale will be a VAT transaction. Volker […]

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When can I as purchaser take occupation of the property?

This depends on the terms of your sale agreement. Your sale agreement would typically stipulate when you are entitled to occupy. It will sometimes be a specific date, for example; 1 June. Often the occupation date is, however, linked to the registration date of the transfer of the property at the deeds office. In such […]

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Who must obtain the electrical certificate of compliance?

The electrical certificate of compliance in terms of the relevant Electrical Installation Regulations, 1992, framed under Act no 6 of 1983, as extended by Act no. 85 of 1993 is also commonly referred to the “COC”. The contract of sale will typically stipulate that the seller has to obtain the COC at his cost. If […]

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Who qualifies for a government subsidy for the purchase of property, also referred to as FLISP?

Financed Linked Individual Subsidy Program, better known as FLISP, was developed by the Department of Human Settlements to enable sustainable and affordable first-time home-ownership opportunities to South African citizens and legal permanent residents. Only purchasers who fall into a certain salary category qualify. You should be able to find the relevant information on this site: […]

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