Real Estate Investor Magazine South Africa June 2013 | Page 23

REI Residential

Capital Gains And Other Taxes
W hen de a l i n g w it h ne w mor t g a g e b ond
applications there is often a fear in buyers
minds (as a result of being wrongly advised) that
when theyvenetually sell their home, they will
lose much of their profit on this, their primary
asset, as a result of Capital Gains or other taxes.
“A great deal of ‘education’ is still required on
this subject,” says Mike van Alphen, National
Manager of the Rawson Property Group’s bond
origination division, Rawson Finance, “because
less informed members of the public hold back
from becoming property owners through fear of
loosely defined taxes.”
The Capital Gains Tax system, said van Alphen,
is, in fact, slanted in favour of those who buy an
inexpensive property in which their family will live.

Valuable Input

Adrian Goslett, CEO
RE/MAX
“Taking a proactive
approach and using
the right strategy can
vastly reduce the term
of the home loan, and
therefore the interest
payable on the loan
as well as fast-track
financial freedom for
the homeowner.”

www.reimag.co.za

Andrew Schaefer, MD
Trafalgar Property
Group
“Current low interest
rates and the move of
mortgage lenders like
SA Home Loans into
the sector will have
a positive impact on
affordability. However,
as prices inevitably rise,
the pressure on rentals
will continue.”

June 2013 SA Real Estate Investor

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