Question:
I am in the fortunate position of owning 15 townhouses and two small blocks of flats in the Vaal Triangle. I owe a total of just over R1.05-million on three of the townhouses, but have no other debt. I rent my current residence from another investor.

The blocks of flats are up for sale and I should realise about R4.6-million after tax. I intend using the cash to buy a home in Perth as I have received a job offer there.

Should I take all this money across or should I settle the bonds in South Africa?

Answer:
You are dealing with a number of issues here, involving large amounts of money.

The best advice I can give you is to see a financial planner who has experience in helping people relocate. The areas that have to be addressed are complex and not just about the bonds. You have to consider tax implications that come with moving offshore and you need specialised advice.

I suggest that you contact a company like the Maitland group who have experts in all the fields you will need. Go to www.maitlandgroup.co.za and get in touch.