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Loopholes in the NCA

  Should you purchase property through a Close Corporation or a Trust it would exempt you from having to comply with the New Credit Act.

However, in the case of a CC an individual would have to sacrifice certain tax benefits, most notably the R2m exemption from capital gains tax.

In such a scenario it will make more sense for an individual to make use of a Trust to buy property in order not to be subject to the NCA.

Should the trust have less than three members, they will not be exempt from the NCA.

For a more detailed discussion click on link below.

Make The NCA Work For You



 

 
     
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