1 month ago 3 min read
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Cape Town’s new apartment and mixed-use property development The Harri is selling off the last of its 48 studios and lofts to South Africans wanting to put their tax liability to good use by investing in a Section 12J tax investment scheme.
Partnered with Anuva Investments Limited, a registered venture-capital company and financial-services provider, The Harri’s Section 12J Flyt Select Fund allows local buyers at the highest marginal tax rate of 45% to deduct from their tax liability the full amount of a new unit in the Harrington Street development in Cape Town’s East City Precinct. Only 12 of the 48 units remain unsold, priced between R1,399,995 (studio) and R2,699,995 (loft).