Plettenberg Bay Property September 2017
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Fires: Tax Consequences
As many of you know, a disastrous fire blustered through the beautiful Garden Route a few weeks ago.
It was devastating for all who witnessed homes being razed to the ground or tracts of land being overrun by fire, fueled by a ferocious wind.
If your property was completely destroyed by the fire and you’ve been compensated by insurance, you will (almost certainly) have to deal with the implications of CGT as this payout constitutes “disposal” of the property and receipt of proceeds therefrom.
CGT can be tricky and there are various implications that will need to be consideration by each person according to their individual circumstances. There is no “one size fits all” answer as to how CGT affects property owners in this situation.
Unless you are au fait with all the implications of CGT, we would strongly suggest that you consult a professional tax advisor or financial specialist to guide you through your various options. Expert advice, in this instance, will almost certainly be beneficial in the long-run.
Property of the Month
Newly renovated 3 bedroom home with top class finishes - our pick of the month!
This North facing home has screed flooring which, according to Elle Decoration magazine, "is a synergy between beauty, sustainability and economy, with extra longevity and durability thrown in for good measure. It also allows you to create a seamless floor finish with a flow from indoors to out, allowing you to extend your indoor living spaces."
It has a double garage, a 5000-liter gravity feed rain water system, an imported German kitchen with an Elba kitchen and open plan living areas leading out to the enclosed garden.
And most importantly, it is within walking distance to the beach!
Asking Price R3 490 000
Contact: Carrie Maclean 082 566 1881
Principal's Selection
2 Bedrooms, 2 Bathrooms, Heated Pool in Estate, Retirement Estate, Quartet
Offers from R 1 000 000
5 Bedrooms, 4 Bathrooms, Underfloor heating, Swimming Pool, Cutty Sark
Offers on R 11 970 000
4 Bedrooms, 4 Bathrooms, Double Garage, Beachy Head
Offers on R 18 520 000
3 Bedrooms, 2 Bathrooms, Undercover parking, Sanctuary
Offers on R 4 650 000
4 Bedrooms, 2 Bathrooms, Ground Floor, Garage, Old Plett/Lower Main
Offers on R 3 800 000
3 Bedrooms, 2 Bathrooms, Access Controlled, Glass Enclosed Patio, Marine Way
Offers on R 2 121 000
2 Bedrooms, 2 Bathrooms, Sea Views, Lower Main
Offers on R 1 800 000
2 Bedrooms, 1 Bathroom, Double Garage, Scenic Gardens, Stormsriver
Offers on R 2 750 000
Vacant Land, 1351 Square Meters, Golf Course View, Brackenridge
Offers on R 1 145 000
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Eyethu Educare Centre
Sotheby’s International Realty Plettenberg Bay is the Drop Off Point for The Soup Kitchen and Ayethu Educare Centre
In need of dry/canned food, new/used clothing, toys, stationary, essential goods, etc. to assist with feeding over 300 people in need daily and educating children who have lost their parents.
Please drop off any donations or goods at our offices at:
25 Main Street, Summer Hill Building, Plettenberg Bay
Property Consultants
- Carrie Maclean 082 566 1881 carrie.sir@plettenbergbay.com
- Desre Reck 079 497 0008 info@thulanahill.co.za
- Elbie Pama 082 569 2588 elbie1@mweb.co.za
- Janelle Pinto 078 959 6177 janelle.sir@plettenbergbay.com
- Janet Sapire 083 344 4065 janet.sir@plettenbergbay.com
- Paul Jordaan 082 876 0577 paul.sir@plettenbergbay.com
- Sue Harvey 083 306 7499 sue.sir@plettenbergbay.com
- Werner Harris 084 351 8992 werner.sir@plettenbergbay.com
- Steve Neufeld 072 417 7731 steve.sir@plettenbergbay.com (manager principal, professional valuer, appraiser)
- Hein Pretorius 083 701 3159 hein.sir@plettenbergbay.com (owner broker, principal)
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