Real Estate Investor Magazine South Africa March 2016 | Page 27

6

reasons to buy

off-plan

1

Big stamp duty savings

One of the well-known and biggest reasons for
buying off-the-plan property is the potential for
huge stamp duty savings duty, which can put a huge
dent in your pocket, especially when you’re a first time
buyer.

2

Depreciation benefits

If you’re buying off-plan as an investment and
plan to lease your new home to renters, you may
be eligible for large tax deductions.
Get a full depreciation schedule from a quantity
surveyor once your property settles.
This will assist at tax time when claiming deductions
for your new asset’s brand new fittings and fixtures.

3
4

Repair cost savings

It goes without saying that a brand new home
– if well built – will not need the ongoing
maintenance that an older property often needs.

Lower power