by VDT Attorneys | Jun 26, 2024 | Automotive, Manufacturing, Renewable energy, Trade & Investment
This initiative, scheduled for commencement from 1 March 2026, introduces an investment allowance for companies investing in the production capacity for electric and hydrogen-powered vehicles which will permit producers to claim 150% of the qualified spending in the...
by VDT Attorneys | Aug 28, 2023 | Renewable energy, Solar, Tax Incentive
Section 12B Tax Allowance 2023 financial year Section 12B of the South African Income Tax Act 58 of 1962 (the Act) as it currently stands, provides for an allowance that is claimable on assets used by a taxpayer, for its trade, in the generation of electricity from...
by VDT Attorneys | Jun 27, 2023 | Renewable energy, Solar, Tax Incentive
The Draft Amendment Bill includes a tax rebate for individuals who invests in solar photovoltaic (PV) panels. There are, however, some important considerations and requirements that must be noted in order to ensure compliance with the applicable draft tax laws and for...
by VDT Attorneys | Mar 29, 2023 | Loadshedding, Renewable energy, Sectional Title
The Sectional Titles Schemes Management Act 8 of 2011 (“Act”) accompanied by the Sectional Title Schemes Management Regulations (“Regulations”) regulate the legalities around the powers, rights, responsibilities and obligations of the body corporate of a sectional...
by VDT Attorneys | Jun 14, 2022 | Generators, Renewable energy, Sectional Title
Each owner of a unit in a sectional title scheme becomes a member of the body corporate the moment they become an owner of a sectional title unit, and also of an undivided share in the common property. In this community the body corporate remains the owner of the...