Ingevolge die wysinging op die WeT van Munisipale belasting vir huureiendom, sal 'n eiendom wat gebruik word vir verhuring, in die toekoms nie meer as residentiele eiendom aangeslaan word nie.

In terms of the amendment, property that will be let as residential, for financial gain, will no longer be taxed as residential property.

The effects will lead to a dramatic increase in the property tax of rental properties.

• In Cape Town a R1 mill property with a tax of +- R375, can see an increase up to R935 per month.
• In Johannesburg a R1 mill property with tax of R372, can see and increase up to R1500 per month.

At Landlords.co.za we believe that this action will cause a shrinking in the rental property market and that this is contrary to the undertaking in the Rental Housing Act that the government will facilitate the provision of rental housing in partnership with the private sector. We believe this will lower the provision.

PLEASE VOTE AGAINST THE ACCEPTANCE AND IMPLIMENTATION of this AMENDMENT.

STEM TEEN AANVAARDING EN IMPLIMENTERING VAN HIERDIE WYSING.

Louie Hanna    Contact the author of the petition