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|