Property worth 1 million or less will no longer adhere to transfer duties. This announcement was made by Finance Minister of Finance during his budget speech last week. Property transfer duty is tax payable by buyers of all types of properties, over and above the selling price and is based on the value, not the price of the property.
The payment of transfer duty fees is quite costly for newcomers, as well as investors. As a result, to cut costs, more individuals opt for off-plan developments that are backed by reputable developers.
Government’s efforts are in a quest put people in positions where they can purchase property. We speak to Ntombi Mthembu ,Senior Associate and Conveyancer : MNS Attorneys 

Property worth 1 million or less will no longer adhere to transfer duties. This announcement was made by Finance Minister of Finance during his budget speech last week. Property transfer duty is tax payable by buyers of all types of properties, over and above the selling price and is based on the value, not the price of the property. The payment of transfer duty fees is quite costly for newcomers, as well as investors. As a result, to cut costs, more individuals opt for off-plan developments that are backed by reputable developers. Government&rsquo;s efforts are in a quest put people in positions where they can purchase property. We speak to Ntombi Mthembu ,Senior Associate and Conveyancer : MNS Attorneys&nbsp;

POWER Breakfast is a fast-paced three-hour news and current affairs show, alternating between the latest breaking news, political coverage, analysis, sport, market reports, weather and all your calls. Whether you’re in business, the public service or just want to stay informed, tune in as Thabiso TT Tema connects you to your world.

POWER Breakfast is a fast-paced three-hour news and current affairs show, alternating between the latest breaking news, political coverage, analysis, sport, market reports, weather and all your calls. Whether you&rsquo;re in business, the public service or just want to stay informed, tune in as Thabiso TT Tema connects you to your world.