Transfers table costs effective March 2016
Category Industry News
HOW TO CALCULATE THE TRANSFER DUTY RATES
RATES OF PROPERTY VALUE TRANSFER DUTY
NATURAL & LEGAL PERSONS
R0 - R 750 000 0%
R 750 001 - R1 250 000 3% of the value above R 750 000
R1 250 001 - R1 750 000 R15 000 + 6% of the value above R1 250 000
R1 750 001 - R2 250 000 R45 000 + 8% of the value above R1 750 000
R2 250 001 - R10 000 000 R85 000 + 11% of the value exceeding R2 250 000
R10 000 001 and above R937 500 + 13% of the value exceeding R10 000 000
TRANSFER TABLE COSTS 2016
FOLLOWING CHARGES NOT INCLUDED IN TABLES:
- Municipal costs for all transfers.
- Levy Clearance certificate charges for Sectional Title transfers
- Home Owner Association clearance fee (if applicable)
- Pro Rata prepaid rates & taxes
- Notarial Cessions of exclusive use areas (i.e. parking bays & garages)
- Banks Bond initiation & valuation fees.
- Post & Petties
- FICA
- Disputes
file:///C:/Users/owner/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/3DTQ04XY/Transfer%20Costs%20Effective%201%20March%202016.pdf
Author: Miltons Matsemela
