Thursday, 07 February 2013 11:34

Extension of Urban Zone Allowances

There has been a welcomed amendment to Urban Development Zone ("UDZ") allowances, section 13quat of the Tax Act

Once declared as a free trading area for Citizens of Asian descent, Victoria Street amongst other streets in the area became the major hub for Indian traders, and people of Indian origin could for the first time buy commercial properties within the then declared “Indian Business District of Durban”.

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