Pretoria — The South African Revenue Service (SARS) has launched a new transfer duty system to enable conveyancers to access and submit declaration forms via the Internet. The initiative is ...

SARS will deduct the value of the usufruct ... Without the usufruct you could expect to pay R60 500 in transfer duty but the application of the usufruct will result in zero transfer duty.

The South African Revenue Service (SARS) is claiming transfer duty of R130 million on property transactions made through some 1 600 trusts. In a statement issued last week, SARS says it had hoped ...