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Investing in The Links is an unmissable opportunity the seasoned luxury property investor won’t want to miss – especially if there’s a 100% tax deduction at stake!
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The Links, the signature luxury apartment development of the Ebotse Golf & Country Estate in Benoni, not only boasts beautiful views over the Ebotse Links golf course coupled with an incredibly lifestyle, it also offers the discerning property investor the rare opportunity to earn a 100% tax deduction under the so-called Section 12J tax incentive. The Section 12J tax incentive (set to end on 30 June 2021) encourages South African taxpayers to invest in local companies by giving them a 100% tax deduction on the value of their investment in the same tax year. The Links is one of only a few Gauteng developments to be Section 12J compliant, allowing buyers to invest in property while getting a tax break.
The Ebotse Golf & Country Estate is considered one of the most secure residential estates in the country, with a high-tech blend of cutting-edge security measures. The estate encompasses the picturesque 40ha Rynfield Dam, providing a number of excellent leisure opportunities for the whole family – these include a Peter Matkovich-designed golf course (the Ebotse Links), boating and fishing, hiking, cycling and walking trails, tennis, cricket and squash facilities, and dedicated play areas. With quick access to a network of highways, the OR Tambo International Airport and its surrounding business node, Benoni is an appealing investment opportunity – especially since it offers wide-open spaces and a countryside feel.
The designers have pulled out all the stops in creating an incredible lifestyle for its residents in The Links. The two and four bedroom apartments are spacious and tastefully finished, while the exceptional penthouse suites have a private rooftop entertainment area with swimming pool, deck, bar, dining and lounge areas with direct lift access. There are 24 luxurious apartments and four penthouse suites available; prices start from R4,2m for a two bedroom apartment, R6,95m for a four-bedroom apartment, to R9,8m for the penthouse suites. The apartments within The Links development will be fully serviced and managed by the on-site team from Grit Realty, which makes this a hands-off investment that is Section 12J compliant.
How to invest
For this project, the Grit Realty team have partnered with well known 12J investment property developers Flyt Property Investment and Anuva Investments. Investment in The Links will be through the Flyt Select Fund and Flyt Partnership Fund. “There has been keen interest in our Flyt Select and Partnership funds whereby investors can take part in the Section 12J incentive, enjoying a 100% tax deduction when investing in either a specific sectional title unit individually, or share in the ownership of a number of units along with Flyt and other investors or partners,” Flyt Property Investment fund manager Ryan Flowers explains.
The popularity of the funds can largely be attributed to the 100% loan facility that has been made available to investors and taxpayers who do not have the finance upfront. A 5% deposit secures the investment; and a loan will be made available for the balance to qualifying taxpayers while waiting for their SARS refund. This loan is repaid partly by the investor’s tax refund from SARS and the balance settled either in cash or with a replacement home loan.
Zane de Decker, CEO, Flyt Property Investment, says for anyone interested in property investment, there really is no better time to take advantage of this remarkable incentive. “Investors have the unique opportunity to allow SARS to put down the deposit on their property investment for them (up to 45% depending on the investor’s tax bracket). This not only aids in investors’ cashflows upfront, but has huge implications on interest savings, as in most cases the required home loan is significantly reduced, boosting property rental cash flows further. For those investing cash, this equates to a major discount on the purchase price of the unit,” he points out. With the Section 12J scheme expiring in under two months, this is the last opportunity for investors to receive the tax deduction via a qualifying investment.
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