WHAT NEXT FROM THESE BLOATED BLOODSUCKING ANC TICKS ??

[SandyB]

WHAT NEXT FROM THESE BLOATED BLOODSUCKING ANC TICKS ?? WE ARE TAXED TO THE HILT WITH LITTLE BENEFIT  BUT A PASSING COMEDY SHOW OF  CORRUPT POLITICIANS ,  INTRIGUE  , SKULLDUGGERY  , COVER UPS   , IDIOT  " CHILDREN " IN THE FORM OF  JULIUS  ETC ETC ,, OH YES AND THE   ALWAYS FAMOUS OPENING LINES TO THEIR ENTRANCE ONTO STAGE ,,  RACIST ,, OR  BLAME IT ON APARTHEID ..   
APPARENTLY THIS  BILL HAS BEEN  HATCHING VERY MUCH  IN THE  SECRET  REALM  ./..

THERE  IS  COMMENT SECTION  THATS IF YOU OPEN THE LINK BUT I WILL DO THE COPY PASTE  AS WELL ..
ONE THING I HAVE TO SAY .. OUR  ESTEEMED AND MOST CORRUPT  / AMORAL PRESIDENT   JZ  SAID  THAT THE ANC WILL RULE TILL CHRIST COMES BACK -- WELL TO YOU MR  PRESIDENT  I WILL NEVER  EVER  EVER  VOTE FOR THE ANC TILL CHRIST COMES BACK AS WELL AND WILL ENCOURAGE  EVERYBODY I KNOW TO USE THEIR VOTE TO TOPPLE  YOU  BUNCH OUT OF POWER ...   

HERE  THE LINK ...

http://www.sowetanlive.co.za/news/business/2011/07/18/beware---if-you-own-a-second-property

DO  SEND IN YOUR OBJECTIONS TO THE  EMAIL ADDRESS SUPPLIED ..

Beware - if you own a second property
18-JUL-2011 | PROPERTY24 | 5 COMMENTS
Regardless of whether this is a family home in the country or the place you are trying to pay off for retirement, government wants to DOUBLE your rates
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The Municipal Property Rates Amendment Bill – currently before Parliament – sets out to charge people who own more than one residential property commercial rates on the additional homes, Property24 reports.
People who own more than one residential property will be forced to pay commercial rates on the homes in terms of the Property Rates Amendment Bill.
This means that anyone with a holiday home or who owns an investment property that is being rented would see property rates on those properties double and they would also lose any municipal rebates on those properties as well.
In terms of the new Bill, the definition of "residential property" has been changed, and now only the home that the owner is living in is deemed residential and classified as the "primary property".
The other properties are defined as 'commercial properties' in terms of the Bill.
Moreover, local residents' associations, estate agents and other investors have just one week to lodge their objections to the proposed national legislation that will affect rates levied by all municipalities throughout the country.
Lilian Develing, chairman of the Combined Ratepayers' Association in Durban says that the legislation will have a serious impact on the property market and that the letting business will be severely impacted because rentals will rise sharply.
She says that at the moment the residential rate is 0,907% while the commercial property rate is more than double at 2,057%. This means that for properties that are not deemed to be the "primary property" the rates would more than double.
The Democratic Alliance's councillor and eThekwini caucus chief whip Dean Macpherson warns that the bill will lead to a collapse in property investments.
According to attorney Maria Davey from Meumann White, owners of investment properties were already forced to pay additional capital gains tax and also had to pay income tax on the rental received. Now they will have to also pay higher rates bills.
She says that many people had provided for their retirement by buying a second property that was initially rented to tenants but in later years, would be used by them as a retirement home.
Davey says that if the legislation is passed in its current form then it may prevent people from making these sorts of provisions.
Objections:
Anyone wishing to object to the bill can e-mail their objections to mpra@cogta.gov.za or can send a fax to 012-334-4811.

[Michael Alexander]

This is shear madness, they are killing the property market from inside... what about the folk that have spent their hard earned money in building a property portfolio....

[Dalene Steenkamp (Coetzee)]

Do you think they give a damn about this?  NO ...  they don't.
Already, on normal taxes, there was no rebate and exclusion on a 2nd property in which the owner does not reside (that is in calculating taxes in late estates) or on sale for that matter, so capital gains tax was payable from cent 1 on the gain.  In effect this means that you will be taxed not double, but triple on a secondary property.   

This makes me wonder how the income and capital gains taxes on the president's income is calculated  -  fringe benefit housing, free flight tickets, travelling allowances, etc etc etc etc ....  are they all deemed as such and calculated inclusive.  Lots and lots of questions ...

Do you think they are even going to look at the responses on those sites that are given where remarks/complaints/inputs against the proclamation of legislation can be made??  Me thinks not ... they are just going to go ahead with it, no matter what.  Government has decided  -  this is a non-subtle part of the nationalisation implementation ... do it by force, just print it as a law in the Government Gazette !!

[SandyB]

So right Dalene ,
                       the president and  all the perks they get ??  all the free  legal services on taxpayers money  even if  they are criminally charged ...  so wrong   so wrong ...  I will be  putting this to Avaaz.org  as  a petition as i did for the   freedom of information bill ...