TRANSFER DUTY REMAINS UNCHANGED

PUBLISHED 21 FEB 2019   

The 2019 Budget Speech contained good news for property buyers, in that Transfer Duty will remain unchanged for the period 1 March 2019 to 29 February 2020.

 

The table below contains the transfer duty categories, with corresponding transfer duty rates, that will apply until 29 February 2020:

 

Value of the property (R)Rate
R0 – R900 0000%
R900 001 – R1 250 0003% of the value above R900 000
R1 250 001 – R1 750 000R10 500 + 6% of the value above R 1 250 000
R1 750 001 – R2 250 000R40 500 + 8% of the value above R 1 750 000
R2 250 001 – R10 000 000R80 500 +11% of the value above R2 250 000
R10 000 001 and aboveR933 000 + 13% of the value exceeding R10 000 000