I am buying a CC at a zero rated vat rate. There is a property owned by the same CC and registered in the CC's name involved. Do I have to transfer the property at the Title Deeds office or does the property just stay part of the CC only with new members registered in the CC. Will there be transfer costs and how much. The purchace price is R1 500 000. Both seller and buyer is registered for Vat and the CC is sold as a going concern.ThanxDion Coertzen
This is an info request to assist you better. Please continue on this thread.
Is this a residential or commercial property?
It is an operating farm.
Since it is not a residential property, no Transfer Duty should be payable. You also don't have to transfer the property. It will simply remain within the CC.
Do you have any follow up questions?
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