PMR 31 and special levies
By Anton Kelly We have realised over the past few weeks that there seems to be some confusion surrounding the use of the Sectional Titles Act and the prescribed management rules.
Q&A with the Prof – 2012 09
By Prof Graham Paddock Below is an example of a question on the discussion forum on Paddocks Club. We want to show what is available to our Community Members!
Paddocks Club – The growing community
By Kate Blake Paddocks Club has been in operation since January 2011 and we are so proud of this initiative. The Club, which is headed by Prof Graham Paddock, was set up to help members get answers to your questions about sectional title, home owners’ associations and other types of community schemes. We currently have…
Are exit levies taxable?
By Clint Riddin In recent issues of Paddocks Press we visited the new Interpretation Note 64, which deals in detail with how SARS taxes a property community scheme. A new development in these schemes, particularly retirement schemes, is an exit levy that is payable when a unit is sold, and a “capital” contribution that is…