VAT or Transfer Duty?
05 Nov 2021
Transfer Duty or VAT, whichever is applicable, is triggered on the sale of fixed property in South Africa and is calculated with reference to the purchase price (or value) of the property. A transaction cannot be subject to both VAT and Transfer Duty – it is one or the other.
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MINITZERS ATTORNEYS
STEFAN VAN NIEKERK
021 871 1224
stefan@minitzers.co.za