Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag

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Cape Town, Western Cape, South Africa
Lake Properties, Cape Town is a young and dynamic real estate agency located in Wynberg, Cape Town. We offer efficient and reliable service in the buying and selling of residential and commercial properties and vacant land in the Southern Suburbs including Bergvliet,Athlone,Claremont,Constantia,Diepriver,Heathfield,Kenilworth,Kenwyn,Kreupelbosch, Meadowridge,Mowbray,Newlands,Obervatory,Pinelands,Plumstead,Rondebosch, Rosebank, Tokia,Rondebosch East, Penlyn Estate, Lansdowne, Wynberg, Grassy Park, Steenberg, Retreat and surrounding areas . We also manage rental properties and secure suitably qualified tenants for property owners. Another growing extension to our portfolio of services is to find qualified buyers for business owners who want to sell businesses especially cafes, supermarkets and service stations. At Lake Properties we value our relationships with clients and aim to provide excellent service with integrity and professionalism, always acting in the best interest of both buyer and seller. Our rates are competitive without compromising quality and service. For our clients we do valuations at no charge

What documents do I need to keep after selling my house in South Africa

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After selling your house in South Africa, it's important to keep the following documents for legal, tax, and personal reference purposes:

1. Sale and Transfer Documents

  • Deed of Sale (Offer to Purchase Agreement) – A signed copy of the agreement between you and the buyer.
  • Transfer Duty Receipt – Proof that the necessary tax was paid (if applicable).
  • Rates Clearance Certificate – Issued by the municipality to confirm all rates and taxes are paid.
  • Electrical, Gas, and Compliance Certificates – Proof of compliance with safety regulations.
  • Municipal Account and Final Bill – Confirmation that all outstanding amounts were settled.

2. Financial and Tax Documents

  • Bond Cancellation Documents – If you had a home loan, proof that the bond was cancelled.
  • Proof of Payment – Any payments received from the buyer, agent commissions, or legal fees.
  • Capital Gains Tax Records – Keep records of the selling price and related expenses for SARS tax filing.
  • Estate Agent Invoice and Commission Agreement – If you used an agent, keep their invoice for tax purposes.

3. Legal and Personal Records

  • Title Deed (if applicable) – If you had the original, keep a copy after the transfer.
  • ID Copies and FICA Documents – Any documents used during the sale process for verification.
  • Correspondence with Attorneys and Buyers – Emails, letters, or agreements related to the sale.

How Long Should You Keep These Documents?

  • Tax-related documents – At least 5 years (for SARS audits).
  • Legal and compliance certificates – At least 2 years in case of future disputes.
  • General sale records – Indefinitely, especially if the sale involved significant legal or financial transactions.

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