TOP TIPS FOR NON-RESIDENTS WHEN BUYING IMMOVABLE PROPERTY IN SOUTH AFRICA

TOP TIPS FOR NON-RESIDENTS WHEN BUYING IMMOVABLE PROPERTY IN SOUTH AFRICA

As winter has its last hurrah we anticipate that tourists and visitors will start making their way back to South Africa to enjoy our beautiful country and its warm weather. This influx of foreigners sees many falling in love with the country and taking advantage of the value that South African property holds – so here follows some advice for foreigners involved in a property transaction in South Africa:

  • Firstly, YES, – non South African citizens and non-residents are allowed to buy and own immovable property in South Africa.
  • A non-resident can apply for mortgage finance in South Africa. Non-residents are however usually only eligible for an amount of up to 50% of the purchase price of the property;
  • Once a non-resident has introduced cash into South Africa with which to purchase property, they can freely repatriate these funds upon the sale of the property, together with any capital gain made on the purchase provided that the funds were brought into South Africa through the proper channels.
  • When a non-resident sells property for a sum of R2 000 000 or more, it is obligatory for the purchaser of the property (the conveyancer on their behalf in practice) to withhold a portion of the selling price, pending the determination by SARS of the Capital Gains Tax (CGT) liability of the seller. The purpose of this provision is to prevent non-residents from disposing of immovable property and avoiding the payment of CGT by the immediate repatriation of the proceeds of sale.
  • Non-residents are able to open and operate bank accounts in South Africa, which are termed “non-resident” banking accounts. Foreign funds can be freely deposited to the non-resident account and local currency (for example rental income or the proceeds of the sale of a property) can also be deposited in the non-resident account provided that the source of funds is cleared with the non-resident department of the particular bank beforehand.

We look forward to welcoming international visitors to our shores once more and assisting with their property purchase or sale. Please fee free to call one of our attorneys for further advice or assistance.

 

  • On August 31, 2022
  • 69 Comments

69 Comments

jacquees record label
  • Jun 1 2024
Simply desire to say your article is as astonishing. The clarity in your post is just excellent and i could assume you are an expert on this subject. Fine with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the gratifying work.
Seanjohn
  • Jun 1 2024
I like what you guys are up also. Such intelligent work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it'll improve the value of my web site :)
teen jobs hiring near me
  • Jun 1 2024
It is best to take part in a contest for among the best blogs on the web. I'll advocate this website!
sean john website
  • Jun 1 2024
I just could not depart your web site prior to suggesting that I really enjoyed the standard information a person provide for your visitors? Is gonna be back often to check up on new posts
provadent
  • Jun 1 2024
I have been absent for a while, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your website?
glucotrust
  • Jun 1 2024
About GlucoTrust. GlucoTrust is a natural supplement that promotes normal blood sugar levels.
Nvbnoi
  • Jun 1 2024
biaxin ceremony - biaxin rapid cytotec stair
비아센터
  • Jun 1 2024
I always emailed this weblog post page to all my associates, because if like to read it next my friends will too.
약국 비아그라
  • Jun 1 2024
It's going to be end of mine day, except before ending I am reading this wonderful paragraph to improve my knowledge.
Lottery defeater review
  • Jun 2 2024
I am not sure where you're getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for fantastic info I was looking for this information for my mission.
slot gacor hari ini
  • Jun 3 2024
What a stuff of un-ambiguity and preserveness of valuable familiarity concerning unexpected feelings.
슬롯사이트
  • Jun 3 2024
It's perfect time to make some plans for the future and it's time to be happy. I've read this post and if I could I desire to suggest you some interesting things or advice. Maybe you could write next articles referring to this article. I wish to read more things about it!
비아그라구입
  • Jun 3 2024
Heya! I'm at work surfing around your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the outstanding work!
Kvalitetssikret ninur tilgængelig online
  • Jun 3 2024
I am actually thankful to the owner of this web page who has shared this fantastic post at here.
Bwhjax
  • Jun 3 2024
florinef vague - esomeprazole month lansoprazole pills prove
hackers for hire
  • Jun 4 2024
Can I simply say what a reduction to seek out somebody who truly is aware of what theyre talking about on the internet. You definitely know how you can carry a difficulty to light and make it important. More people have to read this and perceive this side of the story. I cant imagine youre no more in style since you undoubtedly have the gift.
domlust pocket pussy
  • Jun 4 2024
Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn't show up. Grrrr... well I'm not writing all that over again. Anyways, just wanted to say wonderful blog!
click here
  • Jun 4 2024
I appreciate, cause I found exactly what I was looking for. You've ended my four day long hunt! God Bless you man. Have a nice day. Bye
see our product
  • Jun 5 2024
Valuable information. Lucky me I found your site by accident, and I'm shocked why this accident did not happened earlier! I bookmarked it.
Sugar defender review
  • Jun 5 2024
Would love to incessantly get updated outstanding weblog! .
the genius wave honest reviews
  • Jun 5 2024
Thanks for your submission. I also feel that laptop computers have become more and more popular lately, and now are sometimes the only form of computer utilized in a household. Simply because at the same time actually becoming more and more reasonably priced, their computing power is growing to the point where these are as highly effective as pc's out of just a few years back.
genius wave review
  • Jun 5 2024
There are some interesting cut-off dates in this article but I don?t know if I see all of them heart to heart. There may be some validity but I will take maintain opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as properly
the genius wave reviews
  • Jun 5 2024
I can't believe how amazing this article is! The author has done a phenomenal job of presenting the information in an engaging and informative manner. I can't thank her enough for providing such precious insights that have undoubtedly enriched my knowledge in this topic. Hats off to him for creating such a gem!
Jcqynx
  • Jun 6 2024
purchase rabeprazole generic - aciphex 10mg ca order motilium online cheap
Fitspresso review
  • Jun 7 2024
Thanks for sharing superb informations. Your website is very cool. I am impressed by the details that you?¦ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched everywhere and simply could not come across. What an ideal website.
Boostaro reviews
  • Jun 7 2024
Hi my loved one! I want to say that this post is amazing, nice written and include almost all significant infos. I?¦d like to see extra posts like this .
Sugar defender
  • Jun 7 2024
Great post. I am facing a couple of these problems.
9 Silver Polishes to Make Your Treasures Shine Like New
  • Jun 7 2024
I've learned result-oriented things from the blog post. One other thing I have observed is that generally, FSBO sellers will reject you. Remember, they can prefer not to use your services. But if a person maintain a gradual, professional romance, offering help and staying in contact for about four to five weeks, you will usually be capable to win a conversation. From there, a listing follows. Many thanks
Omqhva
  • Jun 7 2024
order dulcolax 5 mg online - generic oxytrol order liv52 10mg
thanaman
  • Jun 8 2024
Aw, this was a really nice post. In idea I would like to put in writing like this moreover ? taking time and actual effort to make an excellent article? but what can I say? I procrastinate alot and on no account seem to get something done.
5 Duvet Covers
  • Jun 8 2024
Thanks for the ideas you have contributed here. On top of that, I believe there are some factors which really keep your motor insurance premium lower. One is, to consider buying motors that are inside the good list of car insurance companies. Cars that are expensive are definitely more at risk of being lost. Aside from that insurance policies are also in accordance with the value of your car or truck, so the more pricey it is, then the higher your premium you only pay.
9 Bed Bug Mattress Covers in 2024
  • Jun 8 2024
Wow! This could be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Magnificent. I am also a specialist in this topic therefore I can understand your hard work.
Vgrdjy
  • Jun 9 2024
buy zovirax cream - duphaston online dydrogesterone 10mg uk
Cebrcp
  • Jun 10 2024
cotrimoxazole over the counter - order tobra 10mg sale buy tobramycin no prescription
4 Best Rollaway Beds
  • Jun 10 2024
It's perfect time to make a few plans for the long run and it's time to be happy. I've learn this publish and if I may just I want to recommend you some interesting things or advice. Perhaps you could write subsequent articles relating to this article. I desire to read more issues approximately it!
8 Best Pole Saws
  • Jun 10 2024
There are definitely plenty of particulars like that to take into consideration. That could be a nice level to convey up. I supply the thoughts above as common inspiration however clearly there are questions like the one you convey up the place the most important thing will probably be working in trustworthy good faith. I don?t know if finest practices have emerged round things like that, however I am sure that your job is clearly identified as a good game. Both boys and girls feel the impact of just a moment?s pleasure, for the remainder of their lives.
4 Best Snow Shovels
  • Jun 10 2024
One thing I have actually noticed is there are plenty of misguided beliefs regarding the banks intentions when talking about foreclosed. One fantasy in particular is the bank wants your house. The lending company wants your hard earned dollars, not your house. They want the funds they lent you with interest. Steering clear of the bank is only going to draw the foreclosed realization. Thanks for your article.
3 Best Portable Dishwashers
  • Jun 10 2024
Thank you for any other informative blog. Where else may just I get that kind of information written in such an ideal manner? I've a mission that I am simply now running on, and I have been at the glance out for such information.
5 Best Reusable Grocery Bags for an Eco-Friendly Shopping Experience
  • Jun 11 2024
you are really a excellent webmaster. The web site loading velocity is incredible. It seems that you are doing any unique trick. Moreover, The contents are masterpiece. you've done a wonderful process in this topic!
hire a hacker dark web
  • Jun 11 2024
As I website possessor I believe the content material here is rattling magnificent , appreciate it for your efforts. You should keep it up forever! Best of luck.
6 Best Mattress Cleaners
  • Jun 11 2024
I'm not sure why but this web site is loading very slow for me. Is anyone else having this issue or is it a issue on my end? I'll check back later and see if the problem still exists.
fitspresso
  • Jun 11 2024
What Is FitSpresso? FitSpresso is a dietary supplement that is made to support healthy fat-burning in the body
4 Best Snow Roof Rakes
  • Jun 11 2024
Very good site you have here but I was wanting to know if you knew of any forums that cover the same topics talked about in this article? I'd really love to be a part of group where I can get comments from other experienced people that share the same interest. If you have any suggestions, please let me know. Thanks!
Xhrnos
  • Jun 11 2024
cost griseofulvin - order gemfibrozil 300 mg sale buy lopid without a prescription
Tonic Greens
  • Jun 11 2024
I like this weblog very much, Its a really nice berth to read and find info .
Answers your home for fitness
  • Jun 11 2024
Thank you a bunch for sharing this with all people you actually know what you're talking approximately! Bookmarked. Kindly additionally seek advice from my web site =). We can have a hyperlink trade agreement among us
item579053130
  • Jun 11 2024
Asking questions are truly good thing if you are not understanding anything completely, except this piece of writing offers fastidious understanding even.
Dog Safety
  • Jun 11 2024
I will right away grab your rss as I can't find your e-mail subscription hyperlink or e-newsletter service. Do you've any? Kindly permit me know in order that I may subscribe. Thanks.
blood sugar
  • Jun 11 2024
great put up, very informative. I wonder why the opposite specialists of this sector do not notice this. You must proceed your writing. I am confident, you have a huge readers' base already!
adam and eve coupon
  • Jun 11 2024
You could certainly see your expertise within the article you write. The sector hopes for even more passionate writers such as you who aren't afraid to say how they believe. All the time go after your heart.
what is feetfinder
  • Jun 11 2024
you are in point of fact a good webmaster. The web site loading speed is incredible. It seems that you're doing any unique trick. Also, The contents are masterpiece. you've performed a great activity in this subject!
unlock your boundless potential
  • Jun 11 2024
This article offers clear idea designed for the new viewers of blogging, that genuinely how to do blogging and site-building.
adam and eve coupon code free shipping
  • Jun 11 2024
Remarkable issues here. I am very satisfied to peer your article. Thanks a lot and I'm taking a look ahead to touch you. Will you kindly drop me a mail?
adam and eve coupon
  • Jun 11 2024
Wow, incredible blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your website is fantastic, let alone the content!
download exness mt5
  • Jun 11 2024
What's up to every body, it's my first go to see of this weblog; this weblog contains remarkable and actually good information in support of readers.
bokep indo viral
  • Jun 11 2024
I'm blown away by the quality of this content! The author has undoubtedly put a great amount of effort into investigating and arranging the information. It's refreshing to come across an article that not only offers useful information but also keeps the readers hooked from start to finish. Kudos to her for producing such a masterpiece!
bokep indo
  • Jun 11 2024
of course like your website but you need to check the spelling on quite a few of your posts. Many of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I?ll certainly come back again.
bokep terbaru
  • Jun 12 2024
Someone essentially help to make seriously articles I would state. This is the first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish amazing. Excellent job!
exness
  • Jun 12 2024
I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz answer back as I'm looking to create my own blog and would like to find out where u got this from. kudos
Zlszdv
  • Jun 12 2024
order dapagliflozin 10 mg online - forxiga 10mg brand buy acarbose for sale
bokep jav
  • Jun 12 2024
Its like you learn my mind! You seem to know a lot about this, such as you wrote the book in it or something. I think that you just could do with a few percent to power the message home a little bit, but instead of that, this is magnificent blog. A fantastic read. I will definitely be back.
Buy Beers Online - Chilled Beer Online With Free Delivery
  • Jun 12 2024
This is without a doubt one of the finest articles I've read on this topic! The author's extensive knowledge and enthusiasm for the subject are evident in every paragraph. I'm so grateful for finding this piece as it has enhanced my comprehension and ignited my curiosity even further. Thank you, author, for dedicating the time to create such a outstanding article!
Satta king
  • Jun 13 2024
Hi there, all is going perfectly here and ofcourse every one is sharing data, that's actually fine, keep up writing.
fryd dispos
  • Jun 13 2024
I am really enjoying the theme/design of your blog. Do you ever run into any browser compatibility problems? A number of my blog readers have complained about my site not working correctly in Explorer but looks great in Firefox. Do you have any recommendations to help fix this issue?
demanda desahucio precario ignorados ocupantes
  • Jun 13 2024
Hi! I've been following your blog for a long time now and finally got the courage to go ahead and give you a shout out from Kingwood Tx! Just wanted to say keep up the great job!
Budweiser Magnum Strong Beer Can 500 Ml
  • Jun 13 2024
I've learned result-oriented things through your site. One other thing I'd like to say is that newer laptop os's usually allow far more memory to be played with, but they in addition demand more memory space simply to function. If someone's computer is unable to handle more memory plus the newest computer software requires that ram increase, it usually is the time to shop for a new Laptop. Thanks
Buy Whiskey Online, Indian Whisky, Blended Whisky at Online Liquor Shop
  • Jun 13 2024
Thanks for these guidelines. One thing I also believe is credit cards giving a 0 monthly interest often entice consumers in with zero monthly interest, instant authorization and easy online balance transfers, but beware of the top factor that can void the 0 easy neighborhood annual percentage rate plus throw one out into the bad house in no time.
wellhealthorganic.com/know-the-causes-of-white-hair-and-easy-ways-to-prevent-it-naturally
  • Jun 13 2024
I know this if off topic but I'm looking into starting my own blog and was curious what all is required to get setup? I'm assuming having a blog like yours would cost a pretty penny? I'm not very web smart so I'm not 100 certain. Any tips or advice would be greatly appreciated. Appreciate it
Top Stage Hypnotist for hire
  • Jun 13 2024
Top Stage Hypnotist for hire Kristian von Sponneck performs private stage hypnosis shows anywhere in the UK, Europe or worldwide. Hire hime for your next event!

Leave Reply

Your email address will not be published. Required fields are marked *