What is Section 13sex? - Property Investors Tax Incentive

What Section 13sex allows is this – that a property investor can write off the cost of all new and unused residential units that are built after 21 October 2008 at a rate of 5% per annum. This write-off also applies to the cost of new and unused improvements to existing buildings. It's also important to note that the 5% can be claimed even if the building is acquired on the last day of the tax year.

Buy to let investors who purchase residential units can also claim an allowance, but it is limited to a total of 55% of the price they paid for the unit. What this means is that if you haven't built the unit from scratch, you are not the developer, BUT you purchase it from the developer – you will still be entitled to claim an allowance!

View more on our website: http://igrow.co.za

Тэги:

#Property_Investment #Investment #Buy-to-let #Rebate #Tax #incentive #retirement

Скачать видео