The Guptas’ big tax bonanza

2013-05-12 06:00

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The super-rich Gupta family has received a property tax bonanza on their luxury R26.5?million estate that other homeowners could only dream of.

City Press has established that the Guptas’ 6?000m² homestead in Saxonwold, northern Joburg, has been valued for property taxes at less than a third of the R26.5?million the controversial family have poured into the property.

And, city valuation records show, not only are they paying taxes on a fraction of the property’s value but the valuation has dropped significantly from 2008 when the last citywide valuation was done.

They are also not alone.

» Get City Press newspaper today for the full story.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.