How I Save Thousands on Property Tax in South Africa
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- Опубликовано: 12 июн 2024
- Learn valuable tips and strategies on how to save thousands on property tax in South Africa in 2024. By understanding the local tax laws and exemptions, you can avoid paying high property taxes and keep more money in your pocket. Watch this video to discover practical ways to minimize your tax burden and maximize your savings on property ownership in South Africa. Start saving today!
How I Save Thousands on Property Tax in South Africa
My Accountant : prosperityenterprises.co.za/s...
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I am an Accountant (CA(SA)) and I like your vid man, one thing I like to emphasize because people misunderstand is that tax deductions doesn’t mean something is free, it just means it’s somewhat “discounted” by whatever your tax rate is. For example if you make a 1000 deductible donation, and your tax rate is 27% then your out of pocket cost for donating 1000 is now 730, because you will have reduced your tax expense by 270. BUT, importantly, you’ve still ACTUALLY SPENT 730 from your bank. Deductions aren’t necessarily free money. And to be clear, the charity will ACTUALLY have gained 1000. Tax is fun, it’s one big game with SARS to determine who can bandy legislation better
Thank you very much for adding value in the comments. I appreciate your input. I am a big believer that your accountant is one of you most important team members for exactly these reasons. They know the tax laws in and out . I like how you think about it. Thanks again
Thank you Louis. As always, your videos are amazing.
Thanks for your possitve feedback. Appreciate the support 🙏🏻
Excellent, thank you!
Thanks for watching 🙏🏻🙏🏻
Thank you so much
Huge pleasure 🙏🏻
Banking charges can also be a tax deductible
Absolutely! Thanks for sharing that . Appreciate your input 💪🏻
Amazing info
Thanks for watching. Its a pleasure 🙏🏻
SARS, ....thank you so much for this video.
Pleasue my friend 🙏🏻🙏🏻
so satisfying
💪🏻💪🏻
A loan is not taxed, but interest is.
💪🏻💪🏻
Can you get any of these deductions on property you buy, that you want to live in?
Unfortunately not. You can only benefit from the tax benefits when its a investment property. There is however s frw ways around that.
Nou pra jy!!
💪🏻💪🏻💪🏻💪🏻
Hi Louis please send me the details of the person to help me with my taxes please
My Accountant : prosperityenterprises.co.za/seminars/?gad_source=1&gclid=Cj0KCQjwsaqzBhDdARIsAK2gqnfnZvwtPsY7VBBSpdpAP9D3WZZxyExfpdv_VSvHZV-bcq8pthkjoBwaAk7-EALw_wcB
Heres a link to their website
Never knew levies were tax deductible as an individual
Only on investment properties, not on primary residences.
@@MrPopsicle786 AHH that definitely does make sense, like it makes sense when in a Pty ltd, that it's taken as an expense, but after trying the whole property in a complex run, and realising you just don't make money off then never tried to go back to three or research levies.