Transfer Duty

To whom is Transfer Duty Payable and how is it calculated?

March 15, 2015

Transfer Duty is not to be confused with Transfer Costs or Fees.  Transfer Duty is a tax payable to the government by the Purchaser, prior to transfer.

Transfer Duty will be exempted if the purchase price / value is under R750 000 or when the Seller is a registered Vat Vendor and the property is being sold as part of a going concern.

Penalty Transfer Duty is payable if same is not paid to the Receiver of Revenue within 6 months after the date of acquisition of the immovable property.

Transfer Duty is calculated on the value of a immovable property (purchase price or market value whichever is the highest).
Transfer Duty is calculated as follows:

  • 0% up to R750 000
  • 3% on the balance between R750 001 and R1 250 000
  • 6% on the balance between R1 250 001 and R1 750 00 + R15 000
  • 8% on the balance between R1 750 001 and R2 250 000 + R45 000
  • 11% on the balance between R2 250 001 and R10 000 000 + R85 000
  • 13% on the balance above R10 000 0001 + R937 500

What kinds of costs are involved in a normal transaction?

The costs relating to the transfer of fixed property fall into the following categories:

  • Transfer Fees
  • Bond Fees
  • Transfer Duty or VAT
  • Rates and Levies
  • Deeds Office Levies

Use our mobile transfer calculator to determine the fees on any transfer or bond registration:
Calculate Now!

Written by Wessel de Kock

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