When is VAT payable on the sale of a fixed property?

Where the seller is registered for VAT and the property sold is part of his VAT enterprise, the transaction will a VAT transaction. The transaction will, however, be zero-rated (in other words no VAT has to be paid) if the following requirements are met: 1. Both the seller and the purchaser are registered for VAT. […]

Read more...

When are fixtures and fittings part of the house sold?

If it is clear from the method of attachment of the fixtures and fittings that the intention was to make a permanent addition to the immovable property they will be part of the house sold if the contract does not specifically stipulate otherwise. It is, however, not always that easy to determine in practice whether […]

Read more...

What percentage commission can an estate agent charge?

What percentage commission can an estate agent charge? The percentage agreed upon between the seller and the estate agent. If no specific percentage was agreed, the courts will normally accept that the parties tacidly made the average commision for that area (for ex. 7.5%) applicable.

Read more...

What does huur gaat voor koop mean?

The simplest manifestation of this principle of the Roman-Dutch Law can be found when a property that is rented by a Lessee, is sold by the owner to a third party. Here the effect of “huur gaat voor koop” is that the Purchaser is bound to the lease agreement and the Lessee is entitled to […]

Read more...

What are the steps to sell subdivided agricultural land?

Although the contract of sale can be drafted and signed immediately based on a sketch plan or a description of the subdivided land (as long as the land is identifiable the agreement will be valid), the land can only be transferred through registration in the Deeds Office as soon as the sub divisional diagrams have […]

Read more...

Wat kan ek doen as ek geen water het nie as gevolge van my buurman se boorgat?

In die beslissing van Cillie v Geldenhuys 2009 (2) SA 325 moes die Hoogste Hof van Appèl beslis oor ‘n paar interessante regsbeginsels ten opsigte van verkrygende verjaring en landelike serwitute. Die dispuut het gespruit uit ‘n fontein in die Wes Kaapse Sederberg. Volgens Regter Louis Harms het die water “sinds menseheugenis” vanaf die hoërliggende […]

Read more...

Wat is ‘n privaat verband?

In die meeste koopkontrakte van onroerende eiendom word daar ‘n verband oor die eiendom ten gunste van die bank geregistreer, wat ‘n lening aan die koper gegee het om die betaling van die koopprys te finansier.  Dit gebeur egter dat die koper nie vir ‘n lening kwalifiseer nie en dat die verkoper bereid is om […]

Read more...