Sold out!

The Carrington is officially sold out! Rawson Developers would like to thank our valued clients for the support of this exciting new development.


Only 2 Units Available!

There are only 2 units available at The Carrington! Rawson Developers would like to thank our valued clients for the support of this exciting new development.


Facts & Features

  • 112 Loop Street, Cape Town City Centre
  • Sales launch online at 12pm on May 11, 2022
  • Expected completion is set for January 2023
  • 49 apartments over 7 floors
  • Ground floor lobby, restaurant, coffee shop, and concierge
  • Rooftop terrace with co-working space, braai, and entertainment area
  • Short term rental friendly
  • Guaranteed rentals on select apartments
  • Storerooms for the majority of apartments included in the price
  • UDZ & 13 Sex tax incentives
  • A strong platform for property investment
  • DSTV & High-speed fibre connectivity

Render Gallery

The Carrington Location 112 Loop Street Cape Town Rawson Developers

Tax Incentives

Urban Development Zone

The UDZ expiry date has been extended by 2 years, and any new property that transfers before expiry is eligible for up to 55% Tax deduction from SARS. (Deductible over 11 years)

How it works

  • Purchase a property for R1,5 million
  • Discount = R100 000 (if purchased on launch)
  • Final purchase price = R1,4 million
  • Up to 55% of this can be claimed as a tax deduction (R770 000) over 11 years

20% of the R770 000 (R154 000) can be claimed as a tax deduction in year 1

8% of the R770 000 (R61 600) can be claimed as a tax deduction for the following 10 years

Total tax deduction after 11 years = R770 000

Section 13Sex

Investors still have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units, to claim up to 55% of the purchase price as a tax deduction. (Deductible over 20 years)

How it works

  • Purchase five units at R1,3 million each = R6,5 million
  • Discount = R500 000 (R100 000 per unit, if purchased on launch)
  • Final purchase price = R6 million
  • Deemed purchase price = 55% of final purchase price (R3,3 mil)

5% of the deemed price may be used as a tax deduction (residential building allowance).

This works out to a tax deduction (tax write-off) of R165 000 per year for 20 years.

Total tax write off = R3 300 000 (over 20 years)

Taxpayer Criteria for Section 13Sex:

  • The taxpayer must own at least 5 residential units. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
  • All units must be situated in South Africa.
  • Residential units must be new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
  • The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.


In order to claim the tax allowance and/or incentive and/or deduction, certain requirements have to be met. The listed examples may not apply in certain instances. The Developer, its representative and/or its agents, do not provide tax advice. All material in respect of the Development has been prepared for information purposes only and it is not intended to provide, and should not be relied on for, tax advice. Before concluding any transaction with the intention of making use of either of these tax incentives, the Developer specifically advises that a purchaser should consult his/her/its own tax adviser. The Developer cannot be held liable for any loss, howsoever arising. Furthermore, the availability of these tax structures to any purchaser is not a warranty, express, tacit, implied, or otherwise, from the Developer in relation to the transaction. The taxpayer must 1.) be registered for tax in SA, 2.) have earned an SA income, 3.) paid SA income tax or SA income tax is payable, 4.) use the premises solely for the purposes of trade i.e. rental income.

Furthermore, kindly note that the UDZ tax allowance and/or incentive and/or deduction for The Carrington is subject to and could be impacted by SARS amending the UDZ provisions after March 2023.