No Transfer Duty from Company, CC or Trust

4

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: 0870010733 / 0518

 

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Written by Louwrens Koen Sunday, 12 February 2017 Posted in Conveyancing Calculator , Property Transfer Costs , Property Law and Conveyancing
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