Mc Naught & Co
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Check out our regular news articles. Here we keep you up to date on new and relevant legal articles as well as letting you know what’s happening in our world.
Division of Assets in Divorce
Who gets what? is the question that we get asked most when sitting down with clients to negotiate and finalise divorce settlement agreements. Whilst an uncontested divorce where the parties are able to agree on the proprietary consequences (division of assets) gives room to cater to what best suits each couple in their circumstances, the law determines the basic rights and entitlement of each party as regards assets and liabilities in the case of divorce should no settlement be reached.
Donations Tax and Planning
Whether you are a parent considering donating your property to your child, or an elderly person wanting to donate your property to your spouse or to a trust to avoid estate duty tax, it is important to be aware that donations attract donations tax.
Freedom of Speech : Case Review
Media recently covered DA’s, Dr. Roy Jankielsohn victory against members of the ANC YOUTH league over racial slurs, the 29-page judgment was handed down on the 11th November 2019, and Jankielsohn was awarded R300 000.00 in damages.
Property Practitioners Act – The new law
Some new legislation will bring far-reaching changes to the property industry as it will be replacing the Estate Agency Affairs Act, 1976 (“The old Act”). If you are an estate agent, you will likely already be aware that the Property Practitioners Bill was signed into South African law on 2 October 2019 and we can expect that it will become operational within the next few months. However, Estate Agents are not the only ones who this bill applies to.