SA

India

Investment in India
Equity
Sale Price (Net of loan paid)
Rent
Interest
Cash flow
Sale in 4 years IRR

Investment in South Africa

Equity
Sale Price (Net of loan paid)
Rent
Interest
Cash flow
Sale in 4 years IRR
Investment in South Africa
Equity
Sale Price (Net of loan paid)
Rent
Interest
Cash flow
Sale in 3 years IRR
Investment in South Africa
Equity
Sale Price (Net of loan paid)
Rent
Interest
Cash flow
Sale in 2 years IRR

Entry /Exit In Rand

Entry /Exit In Rs.
Equity
Loan
Interest rate

2014
4,000,000
24,000,000
9,600,000
14,400,000
9.5%

2014
-9,600,000

2015

482400
-1,440,000
-10,557,600

518580
-1440000
-921420

2014
-1,600,000

2015

234000
-228000
-1,594,000

245700
-228000
17700

2014
-1,600,000
234,000
-228,000
-1,594,000

2015
245,700
-228,000
17700

2014
-1,600,000
234,000
-228,000
-1,594,000

2015
1,795,000
245,700
-228,000
1812700

11%

15%

15%

14%

2015

2016

2017
5084750
31,944,000.0

SA
4000000
5084750
1600000
2400000
30000

sale price
equity
loan
Monthly rent

Rise in prope
2016

2017

557474
-1440000
-882526.5

17,544,000
599284
-1440000
16703284.01

SA
India

Capital gain tax

India
SA
2016

257985
-228000
29985

2016
2,074,500
257,985
-228,000
2104485

assumed no CGT as any gains could be r

assumed 35% CGT (based on that canno

2017
2,305,088
270884.25
-228000
2347971.75

SA gain (2017 sale)

SA gain (2016 sale)
SA CGT calc SA gain (2015 sale)

379662.5
255500
105000

60%

Rise in property value

2014
2015
2016
2017
4000000
4300000
4730000
5084750
24,000,000.0 26,400,000.0 29,040,000.0 31,944,000.0

umed no CGT as any gains could be re-invested

umed 35% CGT (based on that cannot claim primary residence exclusion)

IRR increases by about 6% if CGT not payable