Unparalleled investment opportunity
1. No transfer duty
Save money on transfer duty and attorney fees. Use it to furnish your new apartment.
Transfer Duty is a tax levied by SARS. It is based on the value of the property you buy. When buying at Eaton Square, you are buying off plan from the developer and so you avoid paying this cost. The purchase price you pay includes VAT (Value Added Tax).
2. Section 13SEX
Allowance from new residential acquisitions
Investing in property requires you to be financially savvy. This includes taking advantage of tax incentives offered by SARS.
Specifically, this tax incentive offers a 5% allowance per annum over a 20-year period of any new acquisition of 5 residential units that are owned by the taxpayer. Essentially a potential gift of 55% of the total purchase price from SARS.
Responsible Investment Decision Making
The material above was provided as a basic guideline only to help the buyer become familiar with tax incentives involved in buying at Eaton Square. This is for information purposes only and does not constitute financial advice. There are a number of requirements that need to be met in order to benefit from the aforementioned tax breaks and allowances.
The tax incentives provided are generic and may not apply to your circumstance. The development company nor its representatives or affiliates will be held accountable for decisions concluded through the information provided.
Please consult with the various SARS Tax Guides and your tax advisor for more information and advice prior to concluding a transaction.