Properties less than R900 K will no longer attract transfer duty | Budget Speech 2017

Relebogile had a chat with Jonathan Kohler, CEO of Landsdowne Investment Properties about the announcement made by Minister Pravin Gordhan that properties less than R900 000 will no longer attract transfer duty. Finance Minister Pravin Gordhan delivered his 2017 Budget Speech in Parliament Yesterday afternoon. Gordhan announced increases in fuel taxes and excise duties on tobacco and alcohol, along with increased spending on education and an update on South Africa's looming sugar tax. He also announced that properties less than R900 000 will no longer attract transfer duty.