When documents for the transfer of property are lodged in the Deeds Office, it is a requirement that a Transfer Duty Receipt or Transfer Duty Exemption Certificate be lodged. The Deeds Office will not register the transfer unless this document is lodged.
SARS has indicated the following information must appear in a Transfer Duty Receipt:
The full name and identity number/registration number of the parties.
The full date of transaction.
The purchase price, if the property was sold (not required in words and figures).
Property description (property in a sectional title scheme must be described by referring to the number of the section, name of the scheme, and the sectional plan number. No reference need to be made to the undivided share in the common property. The exclusive use area must be described by referring to the exclusive use area, for instance, G 10, name of the scheme, and the sectional plan number).