Immovable Property Update

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.