SARS Toughens up on Property Transfers

posted in General
SARS has introduced a new e-filing system as from October 2012. This new system has far-reaching implications for property owners. Not only does this system require valid Tax Numbers for property owners (as in the past) but also for the estate agency involved. It seems that SARS wants everyone involved in the property transaction to have their tax affairs on order. If the estate agency has outstanding tax debt, then the entire property sale can stalled or even cancelled if this debt is...

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