Immovable Property Update

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IMMOVABLE PROPERTY UPDATE

BUDGET 2020

Please take note that during the National Budget Speech that took place on 26 February 2020, it was announced that for the first time in 3 years, the transfer duty exemption threshold for the sale of immovable property has increased to R 1 million. This will be effective for all deeds of sale signed after 1 March 2020.