NEWSFLASH – UPDATE ON NEW TRANSFER DUTY RATES
Dear all
Further to our Newsflash yesterday, about the increase in the threshold for transfer duty from R900 000 to R1 000 000 we have now also discovered that SARS has in fact made changes to all the thresholds.
Herewith a table which reflects the new changes, as obtained from the SARS website.
Our website cost calculator; cost sheets and MM CONNECT APP will be updated on 1 March 2020 to reflect these changes as this will only apply to sales concluded ON OR AFTER 1 March 2020.