If you are planning to buy commercial property, take care and you will pay no transfer duty and no VAT. Firstly, both the buyer and the seller must be VAT registered. This often means that clients are willing to pay our fee (currently R25 000) for a VAT registered shelf company. Your company buys, not the building, but the business of building rental including all of the assets necessary for the business to continue as an income earning going concern (including, of course, the building). The building must be income earning at the time of the purchase (i.e. not be…
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