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Posts Tagged 'transfer duty and vat'

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Vat or Transfer Duty? Which Do You Pay When Buying from a Developer?

Transfer duty is a tax levied by the South African Revenue Service (SARS) on the acquisition of fixed property when the seller is not a VAT vendor. Transfer duty must be paid before the property can be registered in the buyer’s name, and proof of payment is submitted to the Deeds Office during the transfer process.

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