After the very successful capital raise in February 2021 and selling out all three of our projects (155 units), we proudly present Flyt Partnership Fund 2022. This fund allows you to take advantage of the 12J tax incentive by investing now before it ends on 30 June 2021. We then bank your tax and use it to invest in our future developments. Leave your details to find out more.
After the very successful capital raise in February 2021 and selling out all three of our projects (155 units), we proudly present Flyt Partnership Fund 2022. This fund allows you to take advantage of the 12J tax incentive by investing now before it ends on 30 June 2021. We then bank your tax and use it to invest in our future developments. Leave your details to find out more.
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.
