Tag Archivestransfer duty
purchasing immovable property

Quick Tips for ensuring a smooth and timeous Property Transfer

Introduction Today, more and more people are purchasing immovable property in South Africa. The transfer process, from acceptance of the offer to registration, should roughly take three to four months depending on the terms and conditions on the Sale Agreement or alternatively the type of sale. No transfer can be lodged in the Deeds Office until all […]

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Transfer of Immovable Property in a Deceased Estate

Further tax bracket for transfer duty announced

In addition to many other changes, the 2016 Budget Speech brought with it an increase on the transfer duty rate. Transfer duty is payable on the sale of fixed property.  The transfer duty rate will increase from 11% to 13% on sales from R 10 000 001.00 and above with effect from 1 March 2016 […]

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