Transfer Duty is payable within six (6) months of the date of acquisition of the property, failing which interest will be charged.
|
Date from |
% Calculated on value of property |
|
01/01/1950 to 21/03/1951 |
2% |
|
22/03/1951 to 22/07/1953 |
3% |
|
23/07/1953 to 24/03/1954 |
3% on R 7 000,00
4% above R 7000,00 |
|
25/03/1954 to 15/3/1964 |
3% on R10 000,00
4% above R10 000,00 |
|
16/3/1964 – 16/8/1966 |
3% on R10 000,00
4% above R10 000,00
Rebate on the Transfer Duty liability was introduced and applied to everyone:
R0 – R5 000 = 2/3 Rebate
R5 001 – R10 000 = ½ Rebate
R10 001 – R15 000 = 1/3 Rebate
Above R15 000 = No Rebate |
|
17/8/1966 – 28/03/1973 |
3% on R10 000,00
4% above R10 000,00
Rebate restricted to natural persons purchasing property for habitable purposes only:
R0 – R5 000 = 2/3 Rebate
|
|
29/03/1973 – 14/8/1974 |
3% on R10 000,00
4% above R10 000,00
Rebate differentiated between improved and unimproved property:
|
|
15/08/1974 to 31/03/1980 |
|
|
Natural persons only |
1% on R20 000,00
3% above R20 000,00 |
|
Companies and parties other than natural persons |
5% of the purchase price |
|
01/04/1980 to 18/03/1992 |
|
|
Natural persons only |
1% on R30 000,00
3% above R30 000,00 |
|
Companies and parties other than natural persons |
5% of the purchase price |
|
19/03/1992 to 06/04/1993 |
|
|
Natural persons only |
1% on R50 000
5% above R50 000 |
|
Companies and parties other than natural persons |
7% of the purchase price |
|
07/04/1993 to 31/03/1999 |
|
|
Natural persons only |
1% on R60 000,00
5% above R60 000,00 and not above R250 000,00
8% above R250 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/4/1999 to 28/02/2002 |
|
|
Natural persons only |
1% on R70 000,00
5% above R70 000,00 and not above R250 000,00
8% above R250 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/3/2002 to 28/02/2003 |
|
|
Natural persons only |
0% on R100 000,000
5% above R100 000,00 and not above R300 000,00
8% above R300 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/3/2003 to 29/02/2004 |
|
|
Natural persons only |
0% on R140 000,00
5% above R140 000,00 and not above R320 000,00
8% above R320 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/3/2004 to 28/02/2005 |
|
|
Natural persons only |
0% on R150 000,00
5% above R150 000,00 and not above R320 000,00
8% above R320 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/3/2005 to 28/02/2006 |
|
|
Natural persons only |
0% on R190 000,00
5% above R190 000,00 and not above R330 000,00
8% above R330 000,00 |
|
Companies and parties other than natural persons |
10% of the purchase price |
|
From 1/3/2006 to 22/02/2011 |
|
|
Natural persons only |
0% on R500 000,00
5% above R500 000,00 and not above R1 000 000,00
8% above R1 000 000,00 |
|
Companies and parties other than natural persons |
8 % of the purchase price |
|
From 23/02/2011 to 28/02/2015 |
|
|
Natural persons only |
0% on R600 000,00
3% above R600 000,00 and not above R1 000 000,00
5% above R1 000 000,00 – R1 500 000
8% above R1 500 000 |
|
Companies and parties other than natural persons |
Same as for natural persons |
| From 01/03/2015 to 29/02/2016 | |
| All persons (Natural, companies and parties other than natural persons) | 0% on R750 000,00
3% above R750 000,00
R15 000 + 6% above R1 250 000,00
R45 000 + 8% above R1 750 000,00
R85 000 + 11% above R2 250 000,00 |
| From 01/03/2016 to 29/02/2017 | |
| All persons (Natural, companies and parties other than natural persons) | 0% on R750 000,00 3% above R750 000,00 R15 000 + 6% above R1 250 000,00 R45 000 + 8% above R1 750 000,00 R85 000 + 11% above R2 250 000,00 R 937 500 + 13% above R 10 000 000,00 |
| From 01/03/2017 to 29/02/2020 | |
| All persons (Natural, companies and parties other than natural persons) | 0% on R900 000,00 3% above R900 000,00 R10 500 + 6% above R1 250 000,00 R40 500 + 8% above R1 750 000,00 R80 500 + 11% above R2 250 000,00 R 933 000 + 13% above R 10 000 000,00 |
