Property practitioners in South Africa have been identified as potentially vulnerable to money-laundering and terrorist financing activities. Property investment is typically a stable asset and because of this, it can attract criminals as well as reputable buyers.
The South African Revenue Service continues to make good its commitment to call non-compliant South African taxpayers to account, most recently collaborating with the Irish Tax Authority to identify South Africans operating Airbnb businesses in Ireland.
As many South Africans scramble to beat the end-of-tax year deadline of February 28, here is a breakdown of the taxes that can cause investments with identical performance to deliver substantially different after-tax returns.
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