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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Enforcement of Maintenance Obligations
We all dream of living in an ideal world, one where people follow the law, parents willingly maintain their children and spouses, even those going through divorce, wish to see the other still looked after. These basic human instincts should prevail above all else, or so one would think.
The Legal Status of Muslim Marriages
We are fortunate to live in a culturally diverse country with a rich heritage and a Constitution that recognises and respects our differences and affords us all equal opportunities. In South Africa, a marriage or a civil partnership is only legally valid if it has been registered and solemnised in accordance with the Civil Union Act, Marriage Act and/or Recognition of Customary Marriages Act.