Special Clauses Suspensive Conditions Estates: Master’s Consent This sale is subject to the consent of the Master of the High Court in terms of Section 42(1) of the Administration of Estates Act No. 66 of 1965. This clause must be inserted whenever a property is sold out of a deceased estate and the Executor signs on behalf of the estate. The consent will be a formality unless there is...
Problems with Zero-Rating SARS has reviewed its approach to the payment of transfer duty or VAT on property sales. It has tightened many of its requirements, and it is important for all role-players in the industry to know what these are. All of these new restrictions apply to VAT-related sales, whether they are zero-rated or normal VAT payment transactions. SARS has issued a directive in terms of...