share block

L6. Share Block Sales

There is really no good reason now for any block of flats or group housing scheme to be run as a share block company, and those that are should be converted to a sectional title. The tax advantage of purchasing in a share block instead of a sectional title scheme was eliminated by SARS in 2002. Share block companies are tricky to run in terms of the requirements of the new Companies and Intellectual...

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