Transfer Duty is the tax paid on the transfer of an asset, such as a commercial property, a residential property or a farm, or other real estate, between two parties.
Where there is a relationship between the two parties (such as a sale between parents to children or brother to sister or vice versa) , then often the sale is deemed to be not at arm’s length.
Then we can help by providing a property valuation for transfer duty purposes.
The valuation will provide the correct figure on which the duty will be assessed.
Jul 1, 2018 - Transfer duty on most dutiable transactions involving land is calculated by applying the transfer duty rate to the dutiable value of the property.