Properties in Lephalale - Oberholzer Properties

Residential

Farms

Businesses

Mortgage Bonds

Transfer Costs

Travellers Guide

Quick Search

Listing #

Property Search

Property Type


Price From
Price To:

Sort Order:
-Advanced Search Options-

Properties by Category

New Page 1

Residential
up to R1mill
up to R2 mill
up to R3 mill
above R4mill

Cattle farms
up to R3mill
up to R4 mill
above R4mill

Game farms
up to R3 mil
up to R4 mill
up to R6 mill
up to R10mill
above R10mill

Irrigation Farms

Small Farms

Businesses

New Page 1

Services we offer

Buying of Property
Selling of Property
Marketing of Property
Home Loan Applications (Bonds)
Legal Advice
Conveyancing
Development assistance

New Page 1

It came to our attention that prospective International buyers - especially those from the USA have the perception that different price categories are applicable for overseas and local South African people. We herewith wish to confirm and assure you that our estate agency offers the properties for sale for the same purchase price to everybody regardless if you're a citizen of South Africa or not. We don't believe in exploitation.

CONVEYANCING COSTS

A. PAYMENTS REQUIRED OF THE PURCHASER

I. NATURAL PERSONS

Transfer Duty

Deeds Office Fee

Transfer Fees

Obtain Transfer Duty receipt;

Costs of Agreement;

Postages etc.;

VAT (on services rendered by conveyancer);

Bond registration costs (if bond is registered).

II. LEGAL PERSONS (Close Corporation, Trusts, Companies)

Click on Vat/ Transfer Duty button for more information

Transfer Duty /Vat

III. OTHER COSTS

If the Purchaser occupies the property before date of registration of the property in his/her/their name occupation rent is usually payable to the Seller.
Purchase Price

B. PAYMENTS REQUIRED OF THE SELLER

Clearance Certificate;
Obtaining of clearance certificate;

TRANSFER DUTY OR VAT

A. SECURITY FOR VAT ON PROPERTY TRANSFERS

Where a VAT registered vendor sells fixed property which is used in the course or furtherance of his enterprise to make taxable supplies, (be it of a capital nature or inventory), the transaction attracts VAT either at a standard rate or zero rate. The latter is usually applicable where a GOING CONCERN is sold.

With effect from 6 December 1999, any application for an exemption of Transfer Duty in terms of section 9(15) of the Transfer Duty Act, must be accompanied by:

The previous financial year end financial statements or
Where no financial statements have been drafted, the enclosed statement of assets and Liabilities.

B. QUICK REFERENCE TO TAX IMPLICATIONS ON SALES OF FIXED PROPERTY

SELLER	VAT	TRANSFER DUTY	PURCHASER	INPUT TAX CLAIM	TAX IMPLICATIONS FOR PURCHASER
Vendor	Yes	No	Vendor	Yes	bears no direct tax costs
Vendor	Yes	No	Non-Vendor	No	Bears cost of VAT
Non-Vendor	No	Yes	Vendor	Yes	Bears cost of transfer duty but has an advantage of input tax claim
Non-Vendor	No	Yes	Non-Vendor	No	Bears cost of transfer duty
*Vendor	Yes	Tax 14%	*Vendor	Yes	Bears cost of VAT on purchase price

* Vendor (last row of table) - Vat payable if property isn't sold as a GOING concern

FIXTURES AND FITTINGS

DEFINITION OF PERMANENT FIXTURES AND FITTINGS:

All objects, attached or affixed to the property as well as those items that has become a part of the property itself and have the character of belonging essentially to the immovable property is a fixture. One must ask whether it is intended to be permanently annexed to the specific property or not.

Examples of fixtures is: Curtain rails with the rings, specially designed swimming pool nets which is especially designed to cover the actual pool and is held in place by hooks, fitted carpets, keys, special water features must include all movables which are needed to make it work properly etc.

Immovable that are not permanent fixtures are: M-Net Aerial, Satellite Dish.

To be on the safe side - any items whether it is a permanent fixture like for example a TV Aerial, the only safe recourse here is to specifically include or exclude it in the agreement of sale.

GENERAL RESPONSIBILITIES OF PURCHASER/SELLER/ESTATE AGENT

The Purchaser or Seller of a property should advise an estate agent if another estate agent has already introduced prospective purchaser or lessee to any immovable property.

Likewise it is the duty of every estate agent, on introducing a prospective buyer to a Seller or his Property, to enquire whether he has been introduced by another estate agent.

New Page 1