What will my transfer cost be?

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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.