5 X R 927 755 |
R 4,638 755 |
Total portfolio |
Minus Plot price (R179 550 each) |
R 897 750 |
|
Construction price total |
R 3,741 025 |
|
100% write off of construction price |
R 3,741 025 |
Tax incentive write off |
Divide by 20 years |
R 187 051.25 |
Tax incentive per year |
40% marginal tax rate |
R 76 691 |
|
Tax incentive p/m |
R 6 391 |
|
Plus property shortfall on 90%LTV |
R 5203,67 |
Positive p/m year 1 |
|
R 5714,67 |
Positive p/m year 2 |
|
R 6266,67 |
Positive p/m year 3 |
- IGrow Wealth Home Loans will structure investors financing to achieve maximum financing in terms of the banks current building loan criteria.
- R35,000 refundable reservation deposit secures your unit.
- This development have been structured by IGrow and the developer to maximize Section 13sex tax write offs for investors. Investors can write of a 100% of the top structure of their respective units for tax purposes and this has been cleared with SARS.
- Investors buying five properties (buying in accordance with Section 13sex) will have a positive cash flow in their pockets.
- The IGrow Trust and Tax accountants specialises in Section 13sex SARS incentivised units.
- Tenants are in abundance and there are simply not enough properties for the massive tenant demand in Paarl.
- IGrow is selling properties at R 5000 per square meter less than our competition developers just around the corner from Bergenzicht Country Estate.