What is transfer duty?

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MyProperty

Whenever you buy a house valued at over R1 100 00 (as of 1st March 2023) fees are payable to the South African Revenue Service (SARS).

It is calculated as a percentage of the purchase price and varies depending on the purchaser's legal status. The transfer duty is paid by the purchaser of the property prior to registration of the transfer, or within six months after signing the agreement.

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