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CREDIT APPLICATION
If you are looking to take out a credit application CKM Home Loans should be the first place you should turn to for assistance.
This is because with a couple of years experience CKM Home Loans has developed into a specialist in the area of home loans
in South Africa and has as such gained the necessary knowledge
and skills to give to you the expert advice you will need
to make the right home loan decision for yourself. CKM Home Loans is here to guide you through the entire process of home
loan application which includes finer details such as home
credit application; and so by leaving your home loan application
in their capable hands, you can be sure of the fact that your
home loan application will be taken care of quickly yet also
efficiently and expertly.
CKM Home Loans has contacts with almost all of the major banks in South
Africa and can thus ensure all those who approach them for
their home loan assistance service the best and lowest home
loan rates possible. CKM Home Loans has strong ties with financial institutions in South
Africa which include the likes of ABSA, Nedbank, Standard
Bank, and First National Bank; and because of their good solid
relationships with these major banks, they are able to assist
you in getting the credit application that you need and want
for your home loan.
As a result of their ties with banks such as ABSA, Nedbank,
Standard Bank, and First National Bank, CKM Home Loans has gained vital knowledge concerning everything that
comes along with purchasing a property and taking out a home
loan such as taxes and other legal activities which a homeowner
has to perform. Such legal activities includes paying Capital
Gains Tax.
Capital Gains Tax and What it Involves
CKM Home Loans defines Capital Gains Tax as being the percentage which
all homeowners in South Africa need to pay on their property
after selling the property or renting out a second property.
And this percentage which a home loaner needs to pay as Capital
Gains Tax can be discussed as follows:
For legal persons, 50% of their net profit will attract CGT
and for natural persons 25%. This portion of the net gain
will be taxed at your marginal tax rate. As an effective tax
rate this means you will pay a maximum effective rate of 10%
and corporate taxpayers a maximum of 15%. For example, for
natural persons the maximum marginal tax rate is 40%. Assuming
the aggregate capital gain for the year of assessment is R250
000, 25% of R250 000 is R62 500, which is taxed at 40%, therefore
R25 000 is payable. The R25 000 as a percentage of the original
profit made is 10%.
There are however a few things which are excluded from Capital Gains Tax, and they include:
- Primary residence in your name
- Your private motor vehicle - if not used for business
- Proceeds from an endowment or life assurance policy
- Compensation from personal injury or loss
- Winnings from a Casino's, Lottery or Competition
So, whether you are looking to apply for a new home loan
or make changes to your existing one in terms of getting credit
extension or bond extension through credit application, CKM Home Loans is able to assist you through the entire process; getting
it done correctly and hereby making it run smoothly.CKM Home Loans is expert home loan assistance you can trust.
Don't leave yourself in the dark when applying for
a home loan or going for a credit application, get in touch
with CKM Home Loans and let them worry about the details.
CKM Home Loans knows the business of home loans.
Intoweb Design is a website design company independently
creating business for CKM Home Loans via an affiliate marketing campaign, The information
on this page describes the services CKM Home Loans renders to the marketplace which was created by independent
online marketing specialists in the Intoweb company. E-mail
us if you are interested in affiliate marketing strategies
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