In respect of all offers to purchase dated on/or after the 23RD of February 2011 the transfer duty in
respect of natural persons and other entities such as companies, close corporations and
trusts will be as follows:-
Purchase price Transfer duty payable
R0 – R600,000 R0
From R600,000 – R1,000,000 3% of the purchase price from R600,000
From R1,000,000 – R1,500,000 R12 000,00 plus 5% to the purchase price from R1,000,000
From R1,500,000 – unlimited R37 000,00 plus 8% to the purchase price from R1,500,000
MAJOR CHANGE:-
Previously Companies, Close Corporations and Trusts paid an 8% flat rate of the purchase price as
transfer duty irrespective of the purchase price which made it very expensive to purchase properties
in legal entities. From the 23rd of February 2011 Companies, Close Corporations and Trusts will
pay the same transfer duty as natural persons.
