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Conveyancing Property Law

BUYING OR SELLING PROPERTY: Step 5 – Transfer Duty

WHAT IS TRANSFER DUTY?

Transfer duty is tax levied on the value of the property.

WHO IS RESPONSIBLE TO PAY TRANSFER DUTY?

Transfer duty is payable by the Purchaser.

HOW IS TRANSFER DUTY CALCULATED?

Transfer duty is calculated according to a sliding scale on the value of the property.