Section 13 SEX

Section 13 SEX

SARS permits a significant tax benefit on residential property. This incentive allows purchasers of residential units to 'write-off' 5% on the cost of buildings or improvements. Carel Steenkamp, Director at C2M Chartered Accountants in Bellville summarises the benefits of Section 13 SEX of the Income Tax Act and the criteria that applies.


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