Massive property tax headache for South Africa – the third worst in the world
(005875.811-:E-000062.43:N-AC:R-SU:C-30:V)
[There are charts at the source link below. Jan]Massive property tax headache for South Africa – the third worst in the world
South Africa is ranked the third-worst country in the world regarding property tax and other associated costs.
This is according to UK-based relocation experts at 1st Move International Removals, who analysed each country’s highest average property tax rates to identify those likely to cost investors the most money.
Overall, Singapore’s property taxes are the highest globally, averaging 35.58%.
The high property tax includes costs such as an extreme 68.45% roundtrip transaction cost on rental properties, making the city-state one of the more expensive places to own property.
That said, Singapore’s strong demand for real estate and reputation as a global financial hub continue to attract investors, even with its higher tax rates.
Belgium comes second, with an average property tax rate of 24%.
This includes a substantial 50% income tax, one of the highest in Europe.
1st Move International removals said that although Belgium’s property market offers stability, the combination of high income and property taxes adds to the investment cost.
South Africa comes out to third, with an average property tax rate of 23.12%.
This is slightly lower than Belgium’s, with the country’s 45% income tax and increased transaction costs presenting challenges for property investors nationwide.
“Despite this, South Africa’s growing demand for housing offers opportunities for long-term investment returns,” said 1st Move International removals.
The highest property taxes, including buying and selling costs, in the world can be found below:
Rank Country Income Tax on Rent Roundtrip Transaction Cost Buying Costs Selling Costs Corporate Tax Average Property Tax
1 Singapore 24.00% 68.45% 66.45% 2.00% 17.00% 35.58%
2 Belgium 50.00% 22.50% 17.50% 5.00% 25.00% 24.00%
3 South Africa 45.00% 21.80% 14.30% 7.50% 27.00% 23.12%
4 UK 47.00% 18.60% 15.10% 3.50% 26.50% 22.14%
5 France 45.00% 19.31% 14.31% 5.00% 25.00% 21.72%
6 Luxembourg 45.78% 16.00% 13.00% 3.00% 24.94% 20.54%
7 Austria 55.00% 11.60% 9.60% 2.00% 24.00% 20.44%
8 India 30.00% 11.50% 9.50% 2.00% 43.00% 19.20%
9 Netherlands 36.00% 16.90% 14.90% 2.00% 25.80% 19.12%
10 Canada 25.00% 11.00% 4.00% 7.00% 48.00% 19.00%
Worst countries to buy property
The relocation experts noted that Belgium is the worst country to invest in real estate, scoring 2.9 out of 10. The placement is unsurprising, as the government has one of the highest roundtrip transaction costs, at 22.50%.
France came in second place with a score of 3.21, and its corporate tax of 25% is on the higher end compared to other countries.
Greece is in third with a score of 3.76. The country is in the top 10 with one of the highest average rental income tax rates.
South Africa comes in fourth in the global study, with a score of 3.77.
South Africa is on the higher end of corporate and income tax measures.
On the other end of the scale, Lithuania is the number one choice as the best country for real estate investment, scoring 7.10 out of 10.
“Despite real estate prices rising in recent years, investments in this location remain relevant as properties are unlikely to lose value and are a protection against inflation.”
Video & Audio: What Jews tell each other in Private: Jewish Racism and Jewish Supremacism
We take a look at some pieces of video footage where Jews talk and we hear exactly what they say, and how they act when they are together. Over many centuries in Europe, Whites confronted Jews many times and asked them questions about what they really believe or think or say. Jews denied certain things. But in this video we look at some actual film footage and analyse it.
Get a Free PDF Book: The White Mans Bible (1981) By Ben Klassen
Im very pleased to be giving away this old classic, which is designed only for white people and it includes commandments for the White Race!NB: This is NOT normal religious spiritual stuff. This is based on NATURE, REALITY, HISTORY and SCIENCE.NB: NB: Ben Klassen was a very far thinking White man who was concerned for our race. The Church of Creativity was his creation. The Church of Creativity existed in America, Britain and even in South Africa. In South Africa it existed in the early 1990s and was run by a Professor. The concept of Whites as CREATORS is very import. CREATORS say: ‘Our Race is our Religion‘.
2 Photos: 1892: When White Americans burned a Black man to death for raping a White woman!
White men in the USA used to take no shit. This is what they did to a black who raped a white woman. Whites have a tough, harsh justice system.
