Midcity Marketing

Demystifying Rental Income Tax: A Guide for South African Property Owners

By Sheldene du Plessis – Senior Accountant: Ascendant Financial Services  Renting out residential accommodation in South Africa can be a lucrative venture, but it comes with tax obligations that property owners need to understand. In this guide, we will explore how rental income is taxed, the permissible expenses that can be deducted, and provide a

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ROLES AND RESPONSIBILITIES IN SECTIONAL TITLE SCHEMES

By Bennie van Dyk – Senior Operations Manager: Community Schemes Management Living in a sectional title scheme can be frustrating if one does not understand the different roles and responsibilities of the members making up the scheme. A sectional title scheme consists of a legal entity called the body corporate. The body corporate comprises the

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A Step-by-Step Guide to Compliant Extension of Sectional Title Units

By Bennie van Dyk – Senior Operations Manager: Community Schemes Management Over the years, there have been many instances where owners of sectional title units have taken steps to extend their sections in various ways. These extensions have included adding an extra room, converting a garage into a living space, or enclosing a patio, among

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