Good day.Could you please clarify the ne...

Asked by ncediswa on 19-03-2020 11:16:33
Question posted in the Property Law category relating to Eastern Cape
Question value: R 0.00

Good day.

Could you please clarify the new law on transfer duty effective 1 March 2020 if it is applicable to people thta are not first time homowners but buying property less than R1m.


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Answer to the Question

Posted by Att. Patrick on 29-03-2020 21:39:54

Hi there,

I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment.

Transfer Duty is unfortunately applicable to all home purchasers. However, if the house is less than the prescribed amount, then there is no transfer duty.

Att. Patrick

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