National Budget
NEWS FLASH: How does the Budget Speech affect the property market?
Minister of Finance, Mr Tito Mboweni, delivered the National Treasury’s budget for 2020/2021 on Wednesday 26 February 2020. Important to note in relation to the property market is that the transfer duty exemption has been increased to R1 million. From 1 March 2020, transfer duty rates will be as follows: Value of property Rate Up more...