Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. The issue (Volume 7, Issue 5) has a number of articles of interest, including:
Building on common property in sectional title - Anton Kelly
Can owners build on the common property?
If a group of owners wish to build on a common property, what are the steps required to make this happen? For example, what would happen if the owners wanted to build a swimming pool?
In this article, Anton discusses the processes involved in making changes to the common property in sectional title schemes.
Taxation of community schemes by SARS - Clint Riddin
The taxation of these schemes is generally misunderstood by members and trustees alike. New developments in tax compliance even require individuals who are below the tax threshold to register as taxpayers.
In this article, Clint continues to look at the new SARS Interpretation note 64 from the previous edition of Paddocks Press.
Sectional Titles Schemes Management Act 8 of 2011 - Sivannah Padayachee
Section 3(2) The handing over of levy defaulters to court
The Sectional Titles Schemes Management (STSM) Act 8 of 2011 was gazetted and signed by the President in June 2011 and this Act will come into operation on a date fixed by the President by publication in the Gazette. The purpose of the STSM Act is to provide for the establishment of bodies corporate to manage and regulate sections and common property in sectional titles schemes and, for that purpose, to apply rules applicable to such schemes and a sectional titles schemes management advisory council.
In this article, Sivannah gives her views on this important and controversial topic.
Q&A with the Professor - Prof Graham Paddock
- Who pays for replacement of aluminum rivets on hinges of windows?
- Financial statements not audited.