TRANSFER DUTY ADJUSTMENTS.
Category May Newsletter 2025
Good news for purchasers and the property market.
The monetary thresholds for transfer duty were recently adjusted upwards by 10% to counter inflation. For practical purposes, this means that purchasing a property with a purchaser price value of R1 210 000.00 or less will not attract the payment of transfer duty.
This threshold adjustment, which took effect on 1st April 2025, reduces the associated cost of purchasing property. For example, a property with a purchase price of R1 800 000 will attract the payment of transfer duty in the amount of R21 786, which is R7 839 less than previous years. This cost saving will be particularly appreciated by first-time homeowners.
Author STBB
Published 28 May 2025 / Views -