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Double transfer duty concerns

As we reported in Tax and "unnamed nominees", the original purchaser must disclose the name of the nominee. Aiden Kenny, commercial property specialist at law firm Jan S de Villiers says there are a number of ways to avoid the double duty predicament. These are:
* pre-incorporation contracts for companies or close corporations,
* a contract for the benefit of a third party, and
* a tripartite agreement.

Rode website

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