Transfer assets in SA into your personal name without paying tax before 31 December 2012

This is the time for prompt action as the concession from the South African Revenue Services expires on 31 December 2012 and would probably never be given again according to tax experts.
Many South African property owners acquired their residences in financial structures to avoid transfer and estate duty. Laws and circumstances have however changed over the years and with new tax legislation these structures might be inappropriate and not worth retaining today.
Time is of the essence as the existing bond on the property may be passed on to the new owner only if the bond is approved before 31 December 2012. Many legal firms are already reluctant to accept new mandates after 1 December 2012 since the transaction or agreement needs to be final by the last day of the year.
There are specific requirements for the concession and many pitfalls to consider. It is important to speak to a tax specialist, attorney or registered advisor – to make sure that any indecision will not be costly.
For more information, please follow this link – http://cgt.co.za