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Which is more tax-effective: putting R1.5m in a unit trust or my access bond?

Personal Finance 5 months ago

There are many factors to consider when determining the best option for this commonly asked question on how to lower your tax liabilities.


24 Sep 2020
PREMIUM!
Which is more tax-effective: putting R1.5m in a unit trust or my access bond?

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A reader asked: “I currently have a R1.8 million bond on a property that is being let. The monthly rental covers the bond, rates, levy and insurance. I recently got an insurance payout of R1.5 million. The rental is declared to Sars on an annual basis. “Which would be more tax-effective: investing the R1.5 million in a unit trust or placing the amount into my access bond? If I do the latter, would I be able to claim it back as capital investment on my property from Sars?” Thank you so much for the question, which is in fact a...

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