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Determine the transfer duty payable on each property below:

1.    a town house sold for R850 000

2.    a house sold for R1,3 million

3.    a house sold for R2 200 000

in Mathematics by Diamond (40,336 points) | 207 views

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1.    First R900 000 no transfer duty.

2.    First R900 000 no transfer duty,

R10 500 + 6% on the balance above R1 250 000

= R10 500 + 0.06(1 300 000 - 1 250 000)

= R10 500 + R3 000 = R13 500

3.    First R900 000 no transfer duty,

R40 500 + 8% on the balance above R1 750 000

= R40 500 + R36 000 = R76 500
by Diamond (40,336 points)
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where does R3000 come from

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