Toti Office Opening

Sat 17 November was our big bash opening of the new Amanzimtoti offices of Mc Naught and Company. The who's who of Amanzimtoti were there including in this photo friends from Fame Real Estate, ASI Property developers and BondExcel. More pics can be seen on the link - just click here.

Transfer Duty Amendments...

There is a positive amendment on the way with regards to transfer duty on sectional title units which form part of a rental pool.

If the purchaser of a sectional title unit which forms part of a rental pool, makes an election, in writing, to keep that unit as part of the rental pool after the transfer to the purchaser then the transfer is exempt from transfer duty.

If we have a look at the benefits that this holds for a prospective purchaser, the change is definately for the better as the transfer duty currently on a R1 million sectional title unit, if purchased by a natural person is R25 000.00. Quite a saving off your transfer costs if the requisite written election is made to keep the unit in the rental pool.

New sign for Mc Naught and Co

Check out the new illuminated sign at our Toti offices which will officially open this week. Blue is the colour of the day - night - and puts us firmly on the map in Amanzimtoti.

New Amanzimtoti Offices

We are very proud of our new Amanzimtoti offices and if you have not yet had an invitation to our official opening on Sat 17 November, please give Daphne a ring on 031-9037307 to secure your invitation. Seen in the photos are Dave Mc Naught in the reception, a close up of the mosaic mural crafted by artist Sue Knight which hangs in the reception and a view of the new buildings from Kingsway, Amanzimtoti.