From the Flyt Deck

HOT OFF THE PRESSES: Read the launch issue of our Highrise Magazine, in partnership with Anuva Investments.

How was it for you?

A date with the tax man for any Section 12J investor is a satisfying rendezvous. The morning after SMS is reason for many a refreshing smile; who would’ve thought we’d ever be saying “Thank You, SARS”?

Read More »
Does investing in property make sense right now?

Does investing in property make sense right now?

With time on my hands, I have been pondering what this pandemic means for property purchasing decisions. Moving into level 2 of lockdown, we have started to see signs of what appears to be normality returning with the face-to-mask ratio increasing, if my morning stop at the local coffee shop is anything to go by.

Read More »

In bed with SARS

If you’re ever feeling a little hard-done-by thanks to SARS, know this: Government has done anoutstanding job of encouraging investment and stimulating job creation (COVID-19 aside) byintroducing some really forward-thinking tax incentives.

Read More »

When opportunity knocks

In the wake of, and – I hate to use the C-word (AND in shouty capitals) – the COVID pandemic, the property market at large, much like the rest of the economy, has taken some serious strain.

Read More »
Share on facebook
Share on twitter
Share on linkedin
Share on google

From the Flyt Deck

HOT OF THE PRESSES: Read the launch issue of our Highrise Magazine, in partnership with Anuva Investments.

How was it for you?

A date with the tax man for any Section 12J investor is a satisfying rendezvous. The morning after SMS is reason for many a refreshing smile; who would’ve thought we’d ever be saying “Thank You, SARS”?

Read More »
Does investing in property make sense right now?

Does investing in property make sense right now?

With time on my hands, I have been pondering what this pandemic means for property purchasing decisions. Moving into level 2 of lockdown, we have started to see signs of what appears to be normality returning with the face-to-mask ratio increasing, if my morning stop at the local coffee shop is anything to go by.

Read More »

In bed with SARS

If you’re ever feeling a little hard-done-by thanks to SARS, know this: Government has done anoutstanding job of encouraging investment and stimulating job creation (COVID-19 aside) byintroducing some really forward-thinking tax incentives.

Read More »

When opportunity knocks

In the wake of, and – I hate to use the C-word (AND in shouty capitals) – the COVID pandemic, the property market at large, much like the rest of the economy, has taken some serious strain.

Read More »
Share on facebook
Share on twitter
Share on linkedin
Share on google

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WHAT IS SECTION 12

Section 12J of the Income Tax Act – the most efficient tax saving tool, provided by SARS and government that allows you to hold on to your tax cash while investing it wisely.

The section specifically aims to help the growth of small and medium sized businesses by increasing their access to equity finance. To attract investors into this typically under-funded sector, which is imperative for driving economic growth, SARS has written Section 12J into the Tax Act, which offers taxpayers a 100% tax deduction in the year of investment if they invest in SMMEs by way of subscription of shares in a Section 12J Venture Capital Company.

Flyt’s Section 12J compliant property developments give investors the full 12J tax deduction, allowing them to put this saving/refund towards their property purchase. This means that SARS will effectively fund up to 45% of the purchase price of the property.

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