Day: November 19, 2019

Opinion regarding the applicability of the Consumer Protection Act with regards to private rentals.

It is widely accepted and known that in the event of a private sale between a home owner and a purchaser, the Consumer Protection Act (CPA) does not apply as the definition of a supplier in terms of the CPA clearly requires “means a person who markets any goods or services…” , and when used …

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Snyman De Jager WITHHOLDING AMOUNTS FROM PAYMENTS TO NON-RESIDENT SELLERS OF IMMOVABLE PROPERTY

WITHHOLDING AMOUNTS FROM PAYMENTS TO NON-RESIDENT SELLERS OF IMMOVABLE PROPERTY

Section 35A to the Income Tax Act No. 58 of 1962 was introduced by The Revenue Laws Amendment Act No. 32 of 2004 and with effect from 1 September 2007, a purchaser of immovable property (which has been disposed of for R2 million or more) is obliged to withhold the amounts set out below from …

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Snyman De Jager HOW WILL THE INCREASE OF THE VAT RATE EFFECT FIXED PROPERTY TRANSACTIONS?

HOW WILL THE INCREASE OF THE VAT RATE EFFECT FIXED PROPERTY TRANSACTIONS?

The rate of VAT for commercial property transactions will be the rate applicable on the date of registration of transfer of the property in the Deeds Registry or the date that any payment of the purchase price is made to the seller, whichever occurs first. If a deposit is paid and held in trust by …

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SNYMAN DE JAGER THE ESTATE AGENT BEING THE EFFECTIVE CAUSE OF THE SALE AND ENTITLED TO COMMISSION

THE ESTATE AGENT BEING THE EFFECTIVE CAUSE OF THE SALE AND ENTITLED TO COMMISSION

Introduction Whether an estate agent is entitled to estate agents commission will be answered by referring to the agreement (commission agreement) between the principal and the estate agent.  The terms and conditions referring to estate agents commission can be stipulated in the initial mandate which specifies the services that have to be rendered by the …

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Snyman de Jager EXTENSION OF SECTIONAL TITLE SCHEMES AND FORMALITIES IN THIS REGARD

EXTENSION OF SECTIONAL TITLE SCHEMES AND FORMALITIES IN THIS REGARD

Although problems in practice are not only limited to the absence of building plans in the event of sectional title properties, but also in the event of full title properties, this problem has proven to be more extensive in the event where sectional titles are present. When a sectional title register is opened in the …

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