Home / Posts Tagged "What are the tax implications of selling my property to a family trust?"

Mr. Naidoo needed to know if his plans to sell his current home to his family trust and buy a second, or new, primary residence was financially sound and clever from a tax perspective. Read #AskaTaxman’s response here. This is his follow up question. Q Just thinking through

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Q Hi, my primary residence for the last 17 years was acquired for R400,000.  I have spent another R100,000 on improvements but do not have invoices.  The municipal valuation is about R1,5m currently, and I have no mortgage bond on the property. I plan to acquire another

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