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WebIf you intend to rent out your second property, you’ll have to declare it as part of your earnings. And when you sell, it will be subject to Capital Gains Tax. It’s best to involve an accountant who can help you project all the tax implications for property investments in South Africa. 5. Web11 aug. 2024 · The Costs of a Second Home. Before you buy a second home, it’s important to understand the costs another property will come with. Upfront, there will be a down payment, which lenders say can range anywhere from 10% to 25% of your total loan amount, and there are closing costs, too. These averaged $6,905 per loan in 2024, … Web24 aug. 2024 · Second mortgage: This is when you take out an additional loan on your property. Typically, you can access up to 80% of your home’s appraised value, minus … drawings 3d of combilifts fourk lifts