Soniah 5 Posted July 20, 2020 Has anyone bought a house as temporary resident in SA? I've just read about temporary residents being classed as foreign investors and therefore needing to pay 7% extra stamp duty and apply for FIRB permission - is this correct? Feel it's really unfair if we are to be classed as a foreign investor when working and living here and paying tax Share this post Link to post Share on other sites
Marisawright 6,591 Posted July 20, 2020 It’s probably more than 7%. In most states you’ll pay about three times the usual rate, plus the fee for FIRB. Probably not a good idea to buy as you’re not guaranteed to get PR and you won’t recoup those extra costs if you have to sell 1 Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016 "The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke Share this post Link to post Share on other sites
Samson 62 Posted July 20, 2020 I’m in the same boat. I’m renting again because it would cost me around 50k in additional fees for a 400k house. Sucks Bigtime Share this post Link to post Share on other sites
Marisawright 6,591 Posted July 20, 2020 8 hours ago, Samson said: I’m in the same boat. I’m renting again because it would cost me around 50k in additional fees for a 400k house. Sucks Bigtime It does, but on a short term visa, you would be unwise to buy a house anyway Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016 "The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke Share this post Link to post Share on other sites
