April 2015: Transfer Duty will you Save or Lose

Source: Marx Attorneys

In a nutshell, the transfer duty tax breaks announced in Budget 2015 will reduce costs for most middle-income households but will increase costs of property transactions above about R2,65m (with maximum savings at about the R2m to R2,3m level).

Remember that no transfer duty is payable when VAT applies to a sale.Here’s an unhappy scenario for any employer –

You are losing a fortune in stock shrinkage,
You can p…
April 2015: Transfer Duty will you Save or Lose