How the New Expropriation Act Shapes Land Acquisition in South Africa
President Cyril Ramaphosa recently signed the Expropriation Act into law, replacing a 50-year-old statute and providing a clearer framework for expropriating property in South Africa. This Act, which aligns with Section 25 of the Constitution, outlines how the government can acquire land for public purposes, with an emphasis on fair compensation for property owners. While […]
Wanneer is kapitaalwins belasting betaalbaar met verkoop van vaste eiendom?
Mnr. A sluit op 1 Januarie 2024 ‘n ooreenkoms om vaste eiendom, Gebou A, aan Mnr B te verkoop, onderhewig daaraan dat Mnr B ‘n onvoorwaardelike koopooreenkoms gesluit het om sy eie vaste eiendom, Gebou B, teen 10 Februarie 2024 te verkoop. Mnr B sluit ‘n onvoorwaardelike ooreenkoms vir die verkoop van Gebou B op […]
Understanding Mortgage Bond Cancellation: Key Steps and Considerations
In South Africa, the process of cancelling a mortgage bond is commonly necessitated when a property is sold or the bond is fully paid off. This procedure is intricate, consisting of several critical steps: Step 1: Notice of cancellation Initially, the property owner must submit a notice of intent to cancel the bond to the […]