PENALTY/INTEREST RATES

If the Transfer Duty is not paid within the period allowed, a penalty/interest will be payable in addition to the unpaid Transfer Duty.
 
Date from
% Calculated on the Duty Payable
01 January 1950 - 19 March 1963
12% per year calculated on a daily basis
From 20 March 1963 to 30 June 1982
7.5% per year for every completed month
From 1 July 1982 to date
10% per year for every completed month
 
Last Updated: 20/05/2014 2:40 PM     print this page
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