Attorneys in Cape Town
Capital gains tax is a form of income tax and can be defined as the tax levied on the disposition of an asset. Capital Gains Tax has been introduced in South Africa from 1st October 2001.
Therefore, if the disposal of an asset had taken place on this date or anytime thereafter for proceeds that exceed its base cost; it would be subject to tax levied in the form of Capital Gains Tax.
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Shared condominium has been introduced into legal systems for similar reasons: a solution for housing shortages and to accommodate the social and economic needs of a changing society. This article aims to evaluate the advantages and disadvantages between purchasing a unit in a sectional title in comparison to a freehold property.
A personal servitude can be described as the right to the enjoyment of another person’s immovable property.
The holder of the personal servitude is entitled to enjoy the immovable property as if it were their own, but should preserve the substance of the immovable property and not destroy it
In this article our attorneys in Cape Town discuss in brief, the role of the executor in a deceased estate and what qualities to look for in a potential executor.
When describing the role of an executor to my clients, for simplicity, I reference the fact that the executor ‘steps into the shoes’ of the deceased. However, there is a lot more that an executor must know and do, in accordance with the Law, as briefly discussed below.
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