2010•Tax Breaks NewsletterRequires access
To transfer, or not to transfer? : estate duty / capital gains tax
Tess Rodrigues
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Abstract
The amendment to the taxation laws, with regard to residential properties in a company, close corporation or trust, has been widely publicized. But just in case you're still in the dark, if you own your primary residence in the name of a company, close corporation or a trust, you have a window period until 31 December 2011 to transfer this property into your personal name, without incurring transfer duty and capital gains tax.