ALL FAQs

What is the turnaround time (TAT) for a Transfer Duty submission to be finalised?
No specific time period can be allocated as each transaction differs. The amount of time that a Transfer Duty transaction may take depends on if: The transaction is completed correctly All requirements have been met.

What is Transfer Duty?
Transfer Duty is a tax levied in terms of the Transfer Duty Act, No. 40 of 1949 on the value of any property which is acquired by way of a transaction or otherwise.

What constitutes "property" for the purpose of Transfer Duty?
Property includes: - Land and fixtures; - Real rights in land, excluding rights under mortgage bonds or leases;Rights to minerals or rights to mine for minerals including leases or sub-leases to mine for minerals;

When and by whom is Transfer Duty payable?
Transfer Duty is payable by the person acquiring the property, within six months of the date of acquisition.

What is the Transfer Duty rates?
Properties acquired under purchase agreements concluded on or after 23 February 2011 (applicable to both individuals and juristic entities

Can the sale of a property be subject to both VAT and Transfer Duty?
No, the sale of property will be subject to either VAT or Transfer Duty. VAT takes preference over Transfer Duty If the seller is a registered VAT vendor and the property forms part of the seller's enterprise,

Which party determines what rate of Transfer Duty should apply?
The seller determines whether a transaction should be subject to either VAT or Transfer Duty.

Which channels can I use to submit my Transfer Duty documents and ultimately pay Transfer Duty?
From 1 April 2011, all transfer duty declaration and documentation when needed can be submitted via ISV or eFiling. For all payments it can only be done on eFiling.

What does the status "Payment Pending" mean under transfer duty on SARS eFiling?
The bank is waiting for the confirmation of transfer of funds.