How is transfer cost calculated in South Africa?

Author

MyProperty

Transfer duty is calculated on the value – not the price – of the property, although, SARS will generally regard the purchase price of the property to be its value. However, if SARS believes that the purchase price does not correspond with the true value, which may be the case if, say, a property is sold to a family member and its value understated, transfer duty will have to be paid on the true or fair value. Transfer duty is calculated on the total cost of the property to the buyer. Transfer Duty 2024 ( 1 March 2023 - 29 February 2024) • R1 000 000 – R1 100 000: 0% • R1 100 001 – R1 512 500: 3% of the value above R1 100 000 • R1 512 501 – R2 117 500: R12 375 + 6% of the value above R1 512 500 • R2 117 501 – R2 722 500: R48 675 + 8% of the value above R2 117 500 • R2 722 501 – R12 100 000: R97 075 +11% of the value above R2 722 500 R12 100 001 and above: R1 128 600 + 13% of the value exceeding R12 100 000 Calculate your bond & transfer costs using our calculator

Buyer Property News

Market & Opinion

From bonus to bond: how to turn your December bonus into property equity

12 Dec 2025

As millions of South Africans prepare to receive their annual December bonuses, many are asking the same question every year: What should I do with it?

Market & Opinion

So… if a snake keeps coming back to your house, do you have to tell the buyer?

08 Dec 2025

Do you have to tell buyers about a “resident” snake or baboon troop? In South Africa, sellers must disclose recurring wildlife or environmental issues that could affect a buyer’s safety, peace of mind, or decision to purchase.

Market & Opinion

Can renovations boost your property's value?

02 Dec 2025

In real estate, one principle remains timeless: a great location will always outperform great finishes. Renovations can transform a home’s comfort and appeal, but they can’t shift a property closer to top schools, thriving business hubs, popular lifestyle estates, or the ocean. And in South Africa’s complex market, where service delivery, safety, and lifestyle demand vary sharply from street to street, location has become the biggest driver of long-term value.

Market & Opinion

Thinking of selling your home privately? What South African sellers should know

25 Nov 2025

With the rising cost of living and tighter bank lending conditions, many homeowners are looking for ways to cut costs when selling, including the idea of avoiding estate agent commission by selling privately. While this may seem like a way to keep more money in your pocket, the risks in today’s market are far higher than most people realise. A private sale can quickly become expensive, stressful, and legally risky if you’re not fully prepared.