Herschel Jawitz, CEO of Jawitz Properties does not expect any direct relief for property owners or buyers in the upcoming budget. “With virtually no economic growth in 2016, Treasury will be hard pressed to offer any tax relief in the residential property sector,” says Jawitz. The two areas for tax relief are to either reduce the transfer duty percentages or increase the current threshold of R750 000 below which transfer duty is not payable. (more…)
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