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New Transfer Duty

Transfer duty rates and brackets have been amended to provide relief for individuals, trusts, companies and close corporations who are active in the lower end of the property sector. Those taxpayers in the higher value property sector will face higher transfer duty on properties valued at over R2,250,000. The transfer duty tax table with be effective from 01 March 2015. The transfer duty threshold has been increased to R750,000 but so too has the transfer duty rates in the applicable bands with the highest rate up to 11% (8% in 2014)

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