April 2015: The New Transfer Duty Rates: Will you pay less, or more?
In a nutshell, the transfer duty tax breaks announced in Budget 2015 will reduce costs for most middle-income households but will increase costs of property transactions above about R2,65m (with maximum savings at about the R2m to R2,3m level).
Remember that no transfer duty is payable when VAT applies to a sale.
The new rates
The new exemption level, brackets and transfer duty rates are -
To illustrate …..
Remember that no transfer duty is payable when VAT applies to a sale.
The new rates
The new exemption level, brackets and transfer duty rates are -
To illustrate …..