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Posts Tagged 'property transfer'

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Vat or Transfer Duty? Which Do You Pay When Buying from a Developer?

Transfer duty is a tax levied by the South African Revenue Service (SARS) on the acquisition of fixed property when the seller is not a VAT vendor. Transfer duty must be paid before the property can be registered in the buyer’s name, and proof of payment is submitted to the Deeds Office during the transfer process.

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Who Pays for What During the Transfer of Property?

Between municipal rates, attorney fees, compliance certificates, and transfer duty, it’s easy to feel lost in a sea of line items. And if you’re not clear on who’s responsible for each cost, you could end up making assumptions that stall — or even sink — the deal.

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