In honour of Savings Month, South African homeowners need to become more aware going forward of the benefits of saving by paying an additional amount off their home loan every month. “The latest Old Mutual Savings and Investment Monitor (July 2019) shows that only 25% of homeowners are currently paying more than the minimum bond instalment every
Let’s say you bought it years ago in an up-and-coming area, kept it well maintained and managed to get the right price for it with the result that it has made you a sizeable return on investment. This is known as a capital gain and it is taxable, and will form part of your income