Breathing room for property buyers.
Along with the latest 2025 Budget Speech came some good news for property buyers, with amendments to the purchase value thresholds and their accompanying transfer duty rates, by a value of 10%.
Of most importance was the threshold for exemption of payment of transfer duties, from R1 100 000 to R1 210 000.
The table below summarises the new Transfer Duty Rates and their accompany adjustments:
| Transfer Duty Rates and bracket adjustments | |||
| 2024/25 | 2024/25 | ||
| Property value (R) | Rates of tax | Property value (R) | Rates of tax |
| R0 - R1 100 000 | 0% of property value | R0 - R1 210 000 | 0% of property value |
| R1 100 000 - R1 512 500 | 3% of property value above R1 100 000 | R1 210 000 - R1 663 800 | 3% of property value above R1 210 000 |
| R1 512 501 - R2 117 500 | R12 375 + 6% of property value above R1 512 500 | R1 663 801 - R2 329 300 | R13 614 + 6% of property value above R1 663 800 |
| R2 117 501 - R2 722 500 | R48 675 + 8% of property value above R2 117 501 | R2 329 301 - R2 994 800 | R53 544 + 8% of property value above R2 329 300 |
| R2 117 501 - R12 100 000 | R97 075 + 11% of property value above R2 722 501 | R2 994 801 - R13 310 000 | R106 784 + 11% of property value above R2 994 800 |
| R12 100 000 and above | R1 128 600 + 13% of property value above R12 100 000 | R13 310 001 and above | R1 241 456 + 13% of property value above R13 310 000 |
For more information on how our conveyancing services can benefit your real estate business, please visit www.ewsattorneys.co.za or contact us directly at +27 12 344 6353/4/5 or at reception@serfonteinatt.co.za. We look forward to helping you.
This article is not intended to constitute any form of legal advice.
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