Mc Naught & Co
Raised limit for Transfer Duty Exemptions
In the budget speech today the Minister of Finance announced that the exemption limit for transfer duty on property purchases has been raised from R750 000 to R900 000. In other words, if you buy a property for less than R900 000 you will pay no duty.
The rates of duty applicable after that remain unchanged. This is good news for those purchasing lower priced properties.
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The Rule of Law and Public Rioting
The Rule of Law is quite a simple concept. Essentially it means that no-one, no individual, company, trust or any other body is above the law. The law, being something which can unemotionally and clinically be interpreted in order to apply equally to everyone, thereby giving credence to the premise of no-one being above the law.
Keeping pets in Sectional Title Schemes
The rules for keeping pets in a sectional title scheme are governed by the Prescribed Conduct Rule (PCR) 1 of the Sectional Title Schemes Management Act. The PCR 1 stipulates that no occupant of a sectional title scheme may keep a pet without the written consent of the trustee. Permission to keep a pet in a sectional title scheme must not be unreasonably withheld.