Great summary video. Might be worth adding that if one is considering borrowing ZAR to purchase in a bank loan ( or 'bond' in RSA) , banks will only lend 50% to non-residents.
Informative video. I understand the point about buying property does not automatically grant you residence However if I buy the property as a foreign resident for holiday purposes how long can I stay in South Africa before I’m deemed a tax resident. I obviously don’t want my foreign earnings subject to tax Thx
Great summary video. Might be worth adding that if one is considering borrowing ZAR to purchase in a bank loan ( or 'bond' in RSA) , banks will only lend 50% to non-residents.
Went to FNB and they said 80%. Dont know how accurate that is now.
Informative video. I understand the point about buying property does not automatically grant you residence
However if I buy the property as a foreign resident for holiday purposes how long can I stay in South Africa before I’m deemed a tax resident. I obviously don’t want my foreign earnings subject to tax
Thx
You need to check the tax treaty between South Africa and your home country.