Home buyers exempt from transfer costs on bonds under R1.1 million
By: Natasha Archary Good news for first-time home buyers, especially those who are settling on property below the R1.1 million bracket, as they will be exempt from transfer costs. This after Finance Minister Enoch Godongwana delivered the National Budget Speech last week, and raised the transfer duty table to 10%/ This means that any properties bought for R1 million to R1 375 000 will no longer have to pay 3% […]