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Investors flock to Section 12J, as the bell tolls on the tax incentive

Investors flock to Section 12J, as the bell tolls on the tax incentive
cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.

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 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

Removal of sludge at wastewater treatment plant begins

Removal of sludge at wastewater treatment plant begins By Sukaina Ishmail Share Cape Town - The removal of the sludge at the City’s Potsdam Wastewater Treatment Works (WWTW) will finally take place this week after residents in the Table View area were affected by a stench since early January. The City advised that tenders have been granted and contracts concluded for the removal and disposal of sludge from the Wastewater Treatment Works across the city. The City said the appeals process was the reason for the delay of the service. Milnerton Central Residents Association environmental portfolio head Caroline Marx said: “Residents in Milnerton, Table Bay and surrounding areas began complaining about the stench from Potsdam in early January together with complaints of worsening allergies and asthma and feeling nauseated to the point of retching.

Cape Town poo sludge contract dispute resolved

Jenni Evans, News24 The poo smell over Cape Town s Milnerton and Table View should start fading as a dispute over the contract to remove the sludge has been resolved. The smell will continue for a few days while the pile of sludge is collected. The City of Cape Town hopes this will begin by the end of the week. The overwhelming smell of poo over Cape Town s Milnerton and Table View should start fading soon as the dispute over the contract to remove the sludge has been resolved, the City of Cape Town said. The smell will continue for a few days while the pile of sludge that has built up is collected.

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