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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SA Divorces up by 20% since Lockdown Level 4
Courts around South Africa are battling a surprising divorce backlog. This is such a problem that a plan to fast-track annulments of more than 11 000 failed marriages in Limpopo alone has had to be devised. Limpopo is not the only province with a heavy load of divorce applications. The South Gauteng High Court heard 33 unopposed divorces last Friday.
Are Mothers’ rights more equal than Fathers’?
Parental Responsibilities and Rights are under the spotlight today. The Children’s Act 38 of 2005 has attempted to focus our society and courts’ attention on the interests of the child which are paramount in any custody or contact dispute between parents.
Has COVID-19 Become a Convenient Excuse for Dismissals?
After being on a lock down for a substantial period, the South African economy is finally getting into the swing of things, however businesses have had to do some serious internal restructuring, which for some, unfortunately, include the retrenchment of its employees. Have employers followed the correct procedure as set out in the Labour Relations Act or are employers using the pandemic as an unfair advantage and hiding behind the pretext of “flattening the curve” ?