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Creditors Beware: A Petitioning Creditor Can Be Held Liable To Pay The Costs Of The Liquidation
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Creditors Beware: A Petitioning Creditor Can Be Held Liable To Pay The Costs Of The Liquidation

Financial, Legaladvice, Taxes

Creditors Beware: A Petitioning Creditor Can Be Held Liable To Pay The Costs Of The Liquidation

LIABILITY OF CREDITORS TO PAY A CONTRIBUTION WHERE THERE IS INSUFFICIENT OR NO FREE RESIDUE IN AN INSOLVENT ESTATE TO MEET EXPENSES, COSTS AND CHARGES OF SEQUESTRATION The following article discusses an interpretation of Section 106 read with Sub-Sections 89(2) and 14 (3) of the Insolvency Act 24 of 1936 (“the Act”) and specifically with [...]

By SST Admin|2025-09-13T11:41:43+00:00May 31st, 2021|Financial, Legaladvice, Taxes|Comments Off

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction
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Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

Financial, Governments, Taxes

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

When purchasing a fixed property in South Africa, either Value-Added Tax (“VAT”) or Transfer Duty will always be payable on the transaction. Both VAT and Transfer Duty are calculated based on the purchase price or value of the property to be sold. A transaction cannot be subject to both VAT and Transfer Duty - it [...]

By SST Admin|2025-09-13T11:42:32+00:00February 1st, 2021|Financial, Governments, Taxes|Comments Off

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Creditors Beware: A Petitioning Creditor Can Be Held Liable To Pay The Costs Of The Liquidation

Creditors Beware: A Petitioning Creditor Can Be Held Liable To Pay The Costs Of The Liquidation

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

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