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Investment properties in SA


SA Aussie

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Hi All,

Does anybody know what happens when you want to leave and move to Aus (probably / hopefully on a 457 work visa) , but you still have investment properties in SA which is not yet paid off and is being rented out.

Will you be allowed to leave the country and let the properties continue to increase in value back here until such a point in time when you decide to sell them off and take the money across?

All my tax affairs etc is up to date.

Thanks

Wimpie

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Hi There

We still have a house in South Africa which has tennants in. As we are still paying a bond we do not pay any tax on the rental income. What we do is send a tax statement from the bank on what is owing, one from the estate agent and a letter from the municipality showing the rates.

Hope this helps

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