Transfer Duty. No Surprises. Part 2

The Transfer Duty Act 40/1949 (“the Act”) states that transfer duty (duty) is to be levied on any property acquired by any person by way of a transaction. The Act is clear as to whom and by when the duty is to be paid. It states that the duty shall be payable by the person […]

BUYING A PROPERTY IN SOUTH AFRICA?

You’ve scoured the web for what feels like weeks, and you’ve finally found your dream home! You’ve put in your offer, and it’s been accepted. But before you can pack your boxes and move into your dream home, there are certain requirements needed when buying a home in South Africa. Property sales are usually handled […]

WHY IS MY PROPERTY TRANSFER TAKING SO LONG?

After signing a deed of sale, the purchasers often want to move into the property as soon as possible.  When they are informed of the process involved prior to the property being transferred this may damper their excitement. There may also be delays in the transaction.   In order to avoid unnecessary frustration, it is vital […]