Credit extensions on your home loan

When looking for a new home loan or wishing to transform your existing one, there is no better company to turn to than to CKM Home Loans. As specialists in the home loan industry in South Africa, CKM Home Loans will give you the best assistance and expert home loan advice, ensuring that you make the right decision regarding a home loan best suitable to your personal finances and needs; and you will therefore benefit greatly from utilising the outstanding services which CKM Home Loans has to offer in terms of guiding you through the entire application process.

The finance industry is complex and often very intimidating to those who have little or no experience. CKM Home Loans was for this reason established to assist in the transformation of existing home loans by giving aid in getting bond extensions and credit extensions; the reason for the rampant growth of this company's popularity among existing home loaners in South Africa who desperately require CKM Home Loans expert advice and assistance.

On Capital Gains Tax

Bringing South Africa in line with international practice, Capital Gains Tax was introduced on 1 October 2001, needing to be paid by all South African residents and non South African residents who make a profit or loss when selling fixed property of a capital nature located in South Africa.

What Capital Gains Tax means for homeowners is that taxpayers, including individuals, trusts, companies, and close corporations, will be taxed on the profit that they make when they sell an asset or property of a capital nature. So, basically, Capital Gains Tax is a tax on the resale of assets.

In most cases, provided that the property is smaller than two hectares and the profit is less than R1.5 million, Capital Gains Tax will not affect your primary residence. On the other hand homeowners will however be liable for Capital Gains Tax on second properties or holiday homes that are not occupied as a primary residence or on any portion of a primary residence that is used for business purposes. Furthermore, Capital Gains Tax does affect all properties registered in the name of a close corporation, trust, and company.

CKM Home Loans : Expert Home Loan Assistance

CKM Home Loans knows this information, and by utilising their home loan assistance, you can ensure for yourself that everything with regard to all costs being paid, etc is taken care of. To elaborate, with CKM Home Loans on your side you will experience no glitches, and the process of applying for a new home loan or transforming your existing home loan by getting a bond extension or credit extension will run smoothly.

So if you are looking to get a credit extension on your home loan or are wanting to apply for a new home loan, there is no better place to turn to get the expert advice and quality assistance you will need to ensure that everything is taken care and that the best possible decision is made in terms of the perfect home loan for you as an individual.

CKM Home Loans is here to help you.