Tax Incentives Zones
The Buffalo City Metropolitan Municipality has demarcated the suburb of Quigney together with the beachfront as an urban development zone. This area is particular interesting for tourism related investments. In this zone owner-builder and owner-first purchaser are eligible for an incentive under section 13 quat of the Income Tax Act (Act No. 58 of 1962) once certain preliminary conditions are met.
For more details, take a look at these documents:
- Urban Renewal Tax Incentive Guide (issue 4)
- South African Revenue Service – Guide to the Urban Development Zone
- Urban development Zone East London