Ready to buy or sell a property?
See our useful cost table below highlighting the various standard costs associated with a property transaction.
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TYPICAL COSTS ASSOCIATED
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WHO'S LIABLE?
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PAYABLE TO
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Transfer fees
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PURCHASER
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The Transfer Attorney
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Transfer Duty or VAT
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PURCHASER
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SARS
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Capital Gains Tax*
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SELLER
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SARS
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Mortgage Bond registration fee
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PURCHASER
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The Bond Attorney
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All Certificates of compliance*
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SELLER
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The Compliance Company
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Special bond conditions compliance*
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PURCHASER
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The Bond Attorney
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Bond cancellation fees*
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SELLER
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The Bond Attorney (towards the bank) OR directly to the Bank
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Levies up to date of transfer
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SELLER
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The Transfer Attorney (towards the Body Corporate)
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Special Levies before transfer
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if payable in a lumpsum,
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or if payable in instalments, the Seller pays up until date of transfer
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SELLER
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The Transfer Attorney (towards the Body Corporate)
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Special Levies before transfer
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if payable in instalments, the Buyer inherits the balance on a pro rata basis as from date of transfer
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PURCHASER
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The Transfer Attorney (towards the Body Corporate)
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Body Corporate levy clearance fee*
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PURCHASER
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The Transfer Attorney (towards the Body Corporate)
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Advance rates Clearance figures
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SELLER
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The Transfer Attorney (towards the City of Cape Town)
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Occupational interest pending transfer*
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PURCHASER
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The Seller
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90-day penalty interest if a bond must be cancelled
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SELLER
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The Bond Attorney (towards the Bank)
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Agent's commission
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SELLER
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The Real Estate Agency (towards the Agent)
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HomeOwners Association Consent fee*
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PURCHASER
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The Body Corporate
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*if applicable
**Please note that these cost are based on a straight forward transaction. Consult your accountant / bank / other applicable advisors to ensure that you are aware of any over and above costs that may be applicable**
Contact your broker for additional information.
DOWNLOAD PDF DOCUMENT HERE
22 Nov 2022
Author Quay 1 International Realty
