LEG 03 – Legal Bits: Property
Course Presenter: L. Rautenbach/J-P. Kouwenhoven/K. Lauenroth
Duration: 5 hours
Maximum Attendees: 30
Course Level: Intermediate
Costs: (FCS Clients, NIPA, ICAN) N$ 1,400.00
Costs: (all others) N$ 2,110.00
Aimed at: Financial managers; accountants; senior bookkeepers; trainees.
Legal Bits modules cover a variety of ancillary pieces of legislation, which are time and again encountered on the fringes of the accounting profession. This presentation deals with the following:
- Property Ownership, joint ownership, sale in execution;
- Property rights – Real rights, limited rights, prescription, Bare domimium and usufruct, mining rights, calculating the value of a usufruct, tax and transfer duty implications;
- Buying a property – Principles of contract, the Title Deed, servitudes, endorsements, financing options and interest calculations, calculating transfer duties, calculating bond registration costs;
- Sectional Titles Act & Regulations – establishing a sectional title plan, what is common and exclusive property, duties of trustees, house-rules, calculation of levies, audit requirements;
- Leasehold improvements – accounting and tax treatments;
- Municipal rates and taxes – The valuation roll, rates on land and on buildings.