On June 30, 2021, South Africans can wave the Section 12J tax incentive goodbye. There’s a reason so many shrewd investors are very sad to see the tax break bowing out.
The development offers apartments ranging in size from 19 square metres through to 60 square metres, with cracking views out over the city.
On June 30, the Section 12J tax incentive expires, and with it your last chance to benefit from this remarkable tax opportunity.
The government’s announcement that it was killing Section 12J tax breaks has been met with much pushback. Thankfully, there’s still one more chance to max out your refund before it ends.
A helping hand from the taxman doesn’t come around all that often, so here’s something you may want to consider before the tax year ends on Sunday.