The Purchaser must pay VAT on the purchase price.Huge tax loss recorded in company. 2 large houses. PLUS large 2 bed oom cottage. Pool. Good security.Municipal water and sewerage on its way. Two strong boreholes on two different geological plains.
No serious crime for 17 years. Large loyal consistent staff completment. Great blockwatch. Double security fences.
Tackrooms, have an alarm linked to Monitor Net, security gates and concrete roofs.
London Lane Stud CC if it keeps the exact same description of the principal business, being : Breeding of horses, running of stable yard, equine lessons, all activities related to equines, renting of stables, house and cottage and all related activities, then the shares of the cc can be converted to a (Pty) Ltd. No transfer duty is applicable but
STT (Securities transfer tax) is at 0.25%. The cc was VAT registered years ago but is not at the moment. Rates and taxes are R1435.60 per month and we are direct Eskom clients.
The buyer can use the large assessed loss (R1m +/-) going forward. The loss is set off against future profits thereby reducing the tax payable.
There are currently about 30 clients plus the regulars who come up to Gauteng for shows and stay with us.
Property is zoned agricultural/unknown.
This is a life style choice ...Running the best EQUESTRIAN faciltiy in the area and living there is a joyful rewarding experience. OR RE-PURPOSE substantailly constructed buildings into an AGRI - ECO facility using the plentiful water on site.
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