Get Started
We are pleased to present below all posts tagged with 'transfer duty act'. If you still can't find what you are looking for, try using the search box.
On the 20th of October 2021, the South African Revenue Service (SARS) issued BGR 57 to clarify the position on whether, for tax purposes and the calculation of notional input tax deduction, the term ‘consideration’ includes an amount paid or payable as transfer duty when a second-hand fixed property is purchased by a VAT vendor from a non-vendor.
Before we delve much into Binding General Rule (VAT) 57 and its effect, let us give this scenario a bit of context.
When it comes to transfer duty in South Africa, it’s important for to understand what one can expect to pay when purchasing property in South Africa as well as what the difference is between transfer duty and transfer costs.
Subscribe to our Newsletter
Bond & Transfer Calculator
Get the latest updates in your email box automatically.
Your nickname:
Email address:
Subscribe