Conveyancing

Zero rated property transactions

14th April 2010|Articles, Conveyancing, Property Law|

When transferring immovable property from one party to another either transfer duty or VAT is payable. VAT is payable when the seller is a VAT vendor for purposes of the transaction wherein immovable property is to be transferred. If the seller is not a VAT vendor or where the transaction is VAT exempt, transfer duty

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