People & News
FICA fees
10 September 2003
The Property Law Standing Committee of the Law Societies of South Africa met on Thursday 4 September and amongst other things discussed the Financial Intelligence Centre Act.Tax and "unnamed nominees"
10 September 2003
In this article Patrick Maybin discusses the application of Section 16 of the Transfer Duty Act to artificial transactions using "unnamed nominees".Conveyancing problems in Johannesburg
17 September 2003
An open letter written on behalf of the Property Law Sub Committee of the Johannesburg Attorneys Association to the City Manager about the problems being faced by conveyancers in Johannesburg.Deeds Registries Act amendment
17 September 2003
In terms of Government Notice GNR 1224/GG 25370/29-08-2003 of the 29 August, Regulations 18, 68 and 73 of the Deeds Registries Act 47 of 1937 are to be amended and two new forms inserted.ABSA valuers have a new system
08 October 2003
Absa Bank has introduced a new automated valuation process using a computerised statistical valuation model that will speed up loan applications and increase productivity.A room with a view
08 October 2003
A full bench of the Supreme Court of Appeal has found that a house's view forms an integral part of its value.Transfer-duty avoidance schemes targeted
08 October 2003
The South African Revenue Service is going to take legal action against individuals who registered residential property in trusts, close corporations and companies to avoid paying transfer duty.Double transfer duty concerns
08 October 2003
According to a report on the Rode site, a recent SARS directive which prevents the use of unnamed nominees in purchasing property is causing confusion among estate agents and lawyers.Clearance Certificates and the Constitution
15 October 2003
The South Eastern Cape division of the High Court has declared section 118(1) of the Municipal Systems Act 32 of 2000 unconstitutional.Jack Trevena
23 October 2003
The vibrant property market and the growth of the mortgage origination industry have persuaded Jack Trevena, General manager of Nedbank Homeloans, to start his own mortgage origination company.
