Asking price R1 750 000
Looking for land for your farming plans? Portion 33 offers 8,565 hectares. Arrange a viewing to walk the land, see its layout first hand and get a feel for how the property could suit your plans.
Transfer duty. Where the sale is subject to VAT because the seller is selling the property as part of their VAT-registered business, no transfer duty is payable on the sale.
Purchase price. The advertised prices for Portions 33 and 34 include 15% VAT on the land. The sale agreement should clearly state how VAT is included in the purchase price.
VAT-registered buyers. A VAT-registered buyer may be able to claim the VAT as an input tax deduction to the extent that the property is used to make taxable supplies. The claim is subject to SARS requirements, including holding a valid tax invoice.
Contact Faith at Select Realty to arrange a viewing.