Transfer duty bracket increased
Channel: Africa Estate
Date: 2023-02-23

🏠 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐛𝐮𝐲𝐞𝐫𝐬! 🏠
Hello, South African property buyers! We have good news for you! The transfer duty bracket in South Africa has been increased from R1 000,000 to R1 100,000. This means that if you are buying a property that costs less than R1.1 million, you will not have to pay any transfer duty. However, please keep in mind that you will still be responsible for paying attorney fees, FICA, and other related costs. This is a great opportunity for you to save money and invest in your dream property. Happy house hunting!
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