Transfer of Property | Bert Smith Inc. | Pretoria, Gauteng
Transfer Of Property Costs
Although it may have been possible to have the transfer of property process completed within six weeks in the past, you should allow for a minimum of 60 days to 90 days for the process. By knowing this upfront, you will not get frustrated in the process. It should also be noted that there are transfer of property costs to be paid before the property can be registered and transferred into the name of the purchaser. The transfer duties are government taxes on the sale or transfer of property. The tariffs are based on the value of the property. Vacant land will thus have lower transfer duties than the residential properties. This is so because the value of residential property is calculated on the land and the structures. Fortunately property under R5 00 000.00 have no transfer duties associated with them. Companies and trusts however, pay a flat rate of ten percent. If you want a breakdown of costs associated with the transfer of duties view our Conveyancing Fees section.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
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Property Transfers, Property Developments and Construction and Transferral of Property
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