The South African Rugby Union this week issued an unusually strong and detailed letter about the situation at the Western Province Rugby Football Union.
About Quivertree Stellenbosch
Situated in the heart of world-famous lifestyle destination and University hub Stellenbosch in the Western Cape, Quivertree is a
Flyt Property Investment development that boasts 27 spacious two-bedroom apartments and 75 stunning studios. The building will also soon see the addition of the WINK brand’s signature eatery, a WINK Cafe. The modern new development, which boasts fully-furnished stylish units with kitchens, serves both long-term and short stay tenants, accommodating their specific needs for a comfortable and convenient stay regardless of duration. Cementing itself as a prime lifestyle destination, Quivertree is close to all of the area’s prime shopping, restaurant and gallery spots, as well as the region’s famous wine farms and world-class golf courses.
Section 12J tax-deduction (as much 45%) incentive for property investment set to expire
Section 12J tax-deduction (as much 45%) incentive for property investment set to expire
10 Feb 2021
Some R9.3billion has been invested into South African opportunities via Section 12J as of Feb 2020, according to the 12J Association of South Africa - and unless SARS extends the cut-off date, this incentive of as much as 45% back in tax on your property investment is set to expire in June of this year - making it a case of get in while you still can for investors.
Section 12J funds will be gearing up for a flurry of interest as investors into the tax incentive realise it may be now or never to make the most of the tax break offered. Not only are investors clamouring to benefit from the tax deduction before financial year-end on 28 February 2021. However, if the Minister of Finance does not extend the applied Sunset Clause in his National Budget address on 24 February, this may very wel