Typical costs associated when buying or selling a property

TYPICAL COSTS ASSOCIATED

WHO'S LIABLE?

PAYABLE TO

Transfer fees

PURCHASER

The Transfer Attorney

Transfer Duty or VAT

PURCHASER

SARS

Capital Gains Tax*

SELLER

SARS

Mortgage Bond registration fee

PURCHASER

The Bond Attorney

All Certificates of compliance*

SELLER

The Compliance Company

Special bond conditions compliance*

PURCHASER

The Bond Attorney

Bond cancellation fees*

SELLER

The Bond Attorney (towards the bank) OR directly to the Bank

Levies up to date of transfer

SELLER

The Transfer Attorney (towards the Body Corporate)

Special Levies before transfer 

1. if payable in a lumpsum, 

2. or if payable in instalments, the Seller pays up until date of transfer

SELLER

The Transfer Attorney (towards the Body Corporate)

Special Levies before transfer 

1. if payable in instalments, the Buyer inherits the balance on a pro rata basis as from date of transfer

PURCHASER

The Transfer Attorney (towards the Body Corporate)

Body Corporate levy clearance fee*

PURCHASER

The Transfer Attorney (towards the Body Corporate)

Advance rates Clearance figures

SELLER

The Transfer Attorney (towards the City of Cape Town)

Occupational interest pending transfer*

PURCHASER

The Seller

90-day penalty interest if a bond must be cancelled

SELLER

The Bond Attorney (towards the Bank)

Agent's commission

SELLER

The Real Estate Agency (towards the Agent)

HomeOwners Association Consent fee*

PURCHASER

The Body Corporate