Real Estate Investor Magazine South Africa September 2014 | Page 8

ASK THE EXPERTS

Q
Q

David Newton of Johannesburg asks:

I currently own three properties, including the one I live in. I want to register a Trust and transfer the other two
properties into it. What factors must be considered when planning on transferring fixed property into a Trust?

A
A

Hein Klokow, Director at Klokow & Viljoen Attorneys answers:

When planning to transfer your fixed property into a trust, one should consider, inter alia, the transfer
costs, existing bonds and capital gains tax (CGT) implications.
To transfer fixed property, you will be liable to pay transfer duty to S IL