Real Estate Investor Magazine South Africa July 2015 | Page 45

railway line, north along the railway line, later turning
west along the railway line, north-west along Hardach
Street up to Keswick Road, north-east along Keswick
Road turning north-west along the north-eastern
boundary of Germiston X4, across Hardach Street
following the northern boundary of North Germiston
and Germiston X8, along the western boundary of
Germiston X6 up to Rose Innes Road, south-east along
Flag Street turning north-east up to President Street,
south-east along President Street up to the railway line,
south along the railway line up to Jack Street and then
south along End Street up again to Power Street.
To qualify, developers or investors must submit
the following documentation to the South African
Revenue Service (SARS) with their relevant tax return
to claim their tax deduction:
• A UDZ Location Certificate from the Ekurhuleni
Metropolitan Municipality to confirm that the
building is situated in the approved UDZ area
• An occupancy certificate from the Municipality
• A UDZ 1 form (for the construction, renovation or
refurbishment of a building) or UDZ 2 form (for
a building purchased directly from the developer)
must be completed
• A UDZ 3 form must be completed by the developer
of the building, if the entire building or part of the
building (with a minimum floor area of 1 000m2)
was purchased from a developer
• The building needs to have been completed after 6
June 2005, as stipulated in Gazette number 27656,
when the approval for both the Germiston and
Kempton Park UDZ zones were demarcated
• The developer has not already claimed a UDZ
allowance
• If the estimated costs are likely to exceed R5
million, a UDZ 4 form must be completed and
submitted within 30 days after the commencement
of construction or refurbishment of the building;
Part B is submitted 30 days after the subsequent
sale of the building
• A UDZ Registration form, together with the
building plans must be submitted to the Ekurhuleni
Municipality.

RESOURCES

Government Gazette, (2005): Government Gazette,
Vol. 480, No. 27656. Urban Renewal Tax Incentive: Guide
For Investors (2006), The National Treasury: Economic
Policy and International Financial Relations Division Tax
Policy Directorate.
www.reimag.co.za

JULY 2015 SA Real Estate Investor

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