Transfer duties in terms of the 2015 Budget

As is effective from 1 March 2015, the following transfer duties are applicable on property transfers:

PROPERTY VALUE RATE OF TAX
 R0 – R750,000          0% 

R750,001 –

R 1,250,000

3% of the value over R750,000

R1,250,001 – R1,750,000

R15,000 + 6% of property  value over R1,250,000 
R1,750,001 – R2,250,000  R45,000 + 8% of property  value over R1,750,000
R2,250,001 and over R85,000 + 11% of property  value over R2,250,000 
   

 

Before 1 March 2015, properties up to R600,000 qualified for 0% transfer duty.