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2017-03-03
New Transfer Duty Tariffs Announced


New Transfer Duty Tariffs Announced

 

With effect from 1 March 2017, the transfer duty tariffs will be as follows:

Value of the Property                                                    Rate

0 – R900 00                                                                      0%

R900 001 – R1 250 000                                                    3% of the value above R900 000

R1 250 001 – R1 750 000                                                 R10 500 + 6% of the value above R1 250 000

R1 750 001 – R2 250 000                                                 R40 500 + 8% of the value above R1 750 000

R2 250 001 – R10 000 000                                               R80 500 + 11% of the value above R2 250 000

R10 000 001 and above                                                    R933 000 + 13% of the value above R10 000 000

Please note that your Deeds of Sale has to be dated after 1 March 2017 to qualify for the new rates.



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