Tax Benefits on NFTs?
The SunCash Initiative, powered by Momint, is now positioned to provide you with enhanced tax savings, thanks to the government's latest tax allowances under section 12BA. By investing in SunCash solar projects, individuals and businesses can now enjoy a reduction in their taxable income of up to 125% of the value of these investments over the next 2 years!
Here’s how you benefit:
With the new Section 12BA tax allowance, your investment in new SunCash solar projects will be able to reduce your taxable income by up to 125% of the value of those investments. This tax allowance will only be running for the next 2 years so make sure you do not miss out! This is a significant upgrade from the previous Section 12B tax allowance, making your investment in renewable energy more financially rewarding than ever before! For more detailed information on how the Section 12BA works, please visit this link.
Our featured project at Green Point Mews, Cape Town, is a fantastic opportunity for you to directly impact a community by helping its residents enjoy reliable solar power, mitigate load shedding issues, and reduce grid dependency.
By investing in a SunCash solar project, you’re entitled to the revenue generated by the project in proportion to the percentage your investment represents. For example, if your investment represents 10% of the total value of the project, then you will be entitled to receive 10% of the revenue generated by the project.
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All projects aim to generate revenue that equates to a 12% return on your investment annually throughout the lifetime of the solar project (20+ years), although this level of revenue cannot be guaranteed.?
Stay tuned for more solar projects from SunCash, all of which will be eligible for the enhanced 125% tax allowance under Section 12BA. These projects aim to reduce the load on Eskom, improve financial outcomes, and make renewable energy more accessible to everyone.
Take action today and join us in this rewarding venture towards a sustainable and financially beneficial energy solution. Visit SunCash.co.za to purchase your SunCash solar certificates.
Trust the sun. Earn cash!