OneFileMoney‹ All calculators · Property and other
Transfer duty
Transfer duty is paid by the buyer on property bought from someone who isn't a VAT vendor. A new home bought from a developer usually includes VAT instead.
Transfer dutyR33,7861.69% of the price
- PriceR2,000,000
- Transfer dutyR33,786
How it works, with your numbers
- Your price is in the band from R1,663,801: R13,614 + 6% of the amount over R1,663,800 = R33,786.
Transfer duty table
- R0 to R1,210,000: 0%
- R1,210,001 to R1,663,800: 3%
- R1,663,801 to R2,329,300: R13,614 + 6%
- R2,329,301 to R2,994,800: R53,544 + 8%
- R2,994,801 to R13,310,000: R106,784 + 11%
- R13,310,001 and more: R1,241,456 + 13%
Good to know
- Budget for the conveyancer's transfer fees and, if you take a bond, bond registration fees on top. They vary by firm.
For illustration only. This is a guideline to help you plan, not tax advice: a registered tax practitioner must review and approve the final figures before you file.