| For Buyers
What is the additional cost going be when you buy a property?
| Transfer duty
Transfer duty is a tax payable to the Receiver of Revenue and South African law stipulates that it is payable as soon as the Offer to Purchase is signed and the Transferring attorney contacts the buyer to deposit the amount. Your agent can calculate what the cost will be so that you will not be caught off guard when the time comes to pay. Other costs include the Municipal Clearance certificate as well as moving costs.