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(i) an agreement under suspensive conditions, on the date on which the condition is met; [or] It follows that, when a property is sold under certain suspensive conditions, the property is considered to be sold only when these suspensive conditions are met, regardless of the date of the signing of the agreement. However, in the absence of a suspensive condition, elimination is carried out when the agreement is reached between the parties. As far as real estate is concerned, the belief is often, in practice, that registering the transfer with the Authority Office is a suspensive condition for the sale of the property. It is even often mentioned as such in the agreement. However, the full SARS guide for the CGT[2] makes a different compelling argument. With regard to the interpretation of SARS, SARS recognizes that the provision of real estate is by registering the transfer with the Office of the Authority. However, SARS would argue that delivery is not a suspensive condition of the sale, but only a contract term. Even in the absence of formal transfer delivery, the seller of a property would have already acquired certain personality rights and obligations to the buyer had he entered into the sale agreement earlier. The transfer is therefore deemed to take place when the sales contract is signed and, in the absence of other suspensive conditions in the agreement, it is not if the transfer is not registered until about two months later. All types of businesses will have to buy large assets at some point and, as companies rarely lag in cash to buy that cash, the company will have to decide whether to enter into a tempes sale or a financing lease.

This is not only important for specific advertising purposes for tax reporting purposes, but also means that agreements signed shortly before the end of a tax year result in the taxpayer being liable for interim taxation on the sale of the property. If the sales contract was signed before the end of the year, but the transfer only takes place after, the taxpayer has not yet received the money from the sale transaction that he might otherwise have used to pay the interim tax liability that could be incurred. . Consideration includes cash flow, the impact of tax and VAT, and how you can take this into account in your registrations. Taxes: Allowance for the use of rights at SARS rates or where a business is a right to a small business at SBC rates (100% for machines or 50/30/20 for all other assets) Real estate transactions are generally important transactions and the tax considerations associated with them must therefore be carefully considered. Such consideration relates to the date of the sale of real estate held by persons as financial assets. The sale of this property includes a capital gains tax transaction (“CGT”). This section takes into account the timing of the time in question was “eliminated” for the purposes of the CGT and, surprisingly, it is not the date of transfer to the office of the deceased (which many consider a matter). VAT: 100% of VAT on eligible assets in the event of asset acquisition (excluding passenger cars). Accounting: Capitalization of Assets and Value Increases This article is a general fact sheet and should not be used or used as professional advice. No liability can be taken in the event of errors or omissions or losses or damages resulting from trust in the information contained in this document.