South African Property Law and Conveyancing

No Transfer Duty from Company, CC or Trust

Transfers can take place from a Company, Close Corporation and Trust to its Shareholder / Member or Beneficiary free of Transfer Duties from 11 September2009 until 31 December 2011 subject to terms and conditions.

A Transfer Duty Exemptions is provided by the Receiver of Revenue and for this purpose, the following documents have to be lodged with the Receiver in addition to the standard affidavits (TD1/TD2):

- The Deed of Sale between the Company/Close Corporation/Trust and the Shareholder/Member/Beneficiary in his individual capacity;
- The affidavits and Conveyancer certificate attached hereto; - Copies of the Share register/CK1/CK2/Trust Deed indicating the beneficial interest from 11 September 2009.

For Further information contact :

Louwrens Koen Attorneys & Conveyancers
Tel: 012-343 0267
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Property transfer, Bond Registration, Property Law and Conveyancing explained.