Property News - October 2014
Welcome to our Property Investment Newsletter the aim of which is to keep you up to date and informed as to the most recent property trends and news.
Are you experiencing challenges in collecting your rent, recovering municipal charges and maintaining accounting records? If so, then please contact us for assistance. We are well positioned to manage your property portfolio, collect rent and municipal recoveries thereby giving you a consolidated and efficient property management platform from which to grow your Portfolio or focus on your core business.
Prime residential prices across the index’s 32 cities rose by 6.2% on average in the year to June 2014. Luxury homes in key US cities are now increasing in value at a faster rate than those in several European and Asian cities.
There is a valuable, but not easy, lesson property investors must learn about their asset - property prices can fall, creating short-term losses. Further muddying the waters is that particular segments, typically holiday accommodation, are significantly more vulnerable than primary real estate acquisitions.
Knight Frank’s experience of global prime residential markets confirms the fact that buyers are increasingly focused on the opportunities offered by currency movements.
Marriott, the Income Specialists, looks at the current state of the investment environment and offers suggestions on investment options.
The general deduction formula in section 11(a) of the Income Tax Act 58 of 1962 permits a taxpayer to deduct from his income, expenditure and losses actually incurred in the production of income, provided they are not of a capital nature. In the recent judgment, Commissioner for South African Revenue Service v Mobile Telephone Networks Holdings (Pty) Ltd, the Supreme Court of Appeal (SCA) had to adjudicate upon a claim for a deduction of audit fees.