Property company news

South AfricaYour industry

Focus on digital marketing

Bizcommunity's special Focus On DIGITAL MARKETING is now available in a downloadable PDF.

Digital Marketing PDF >>
Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Property company news

Transfer of properties from trusts remains free - for now

Issued by: Private Property | 9 Nov 2012 11:24
Agents should be aware that the opportunity for companies, close corporations and trusts to transfer property free of transfer duty to a natural person, under certain circumstances, has been extended to 31 December, 2012.
In terms of this extension, a property must be "disposed of" before this date. Disposal is deemed to have occurred when a contract has been concluded and all the conditions therein have been met. It is, however, not a requirement that the property is registered in the Deeds Office before this date.

This, says Justin Clarke, CEO of, is good news for buyers who have their eye on a property that is held by a company, close corporation or trust. "When the average household is as cash-strapped as most currently are, the opportunity to save on transfer duty - which most often runs to tens of thousands of Rands - presents an opportunity to put down a larger deposit, which in turn can save many thousands over the course of the bond-term.

"Moreover, knowledge of this window of opportunity puts agents in a good position from which to close sales quickly in a period that is traditionally slow."

Private Property's press office

Private Property
With over a million serious buyers and renters browsing monthly, we're SA's favourite property portal. List your property with us, as a private seller or an agent, and we'll bring buyers to your door.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. will disclose authors' IP addresses to authorities if compelled to do so by a court of law.