PROFORMA TRANSFER COSTS FOR PURCHASERS ACCOUNT PROFORMA TRANSFER

PRO-FORMA TRANSFER COSTS FOR PURCHASERS ACCOUNT PRO-FORMA TRANSFER COSTS FOR SELLERS ACCOUNT 1. To Transfer fees (Attorney fees to attend to transfer, draft Power of Attorney, Deed of Transfer and further documents, includes Cape Town Correspondent’s fee) As per tariff Herewith a list of expenses and disbursements which the Seller should keep in mind when calculating the proceeds of his sale. - To VAT 2. To Deeds Office levy 3. To Transfer Duty or VAT TRANSFER DUTY: 0 -R 600 000 NIL Above R 600 001 @ 3% Above R 1 million @ 5% - plus R 12 000. 00 Above R 1. 5 mil @ 8% - plus R 37 000. 00 1. Existing bond to be cancelled 14% As per tariff NOTE: If Seller is not a VAT Vendor Transfer duty is payable Purchaser is liable to pay transfer Duty OR VAT: If Seller is a VAT vendor (a) VAT is payable by the Seller 14% (b) Should OTP stipulate to the contrary Purchaser will pay VAT R 100. 00 R 14. 00 5. To Electronic Document Generation fee R 199. 47 R 68. 00 7. To Valuation Certificate R 34. 00 8. To Pro rata rates (rates payable to end of NMBMM Financial year, 30 June) TBA 9. To Levy Clearance Certificate 3. Agents commission 4. Pro rata rates and/or pro rata levy clearance figures up to date of registration 5. Electrical Certificate inspection fee 6. Electrical repairs 4. To Deeds Office search To VAT 6. To Rates Clearance Certificate 2. Bond cancellation costs for one bond +/- R 2 532. 00, for every further bond an additional amount of R 328. 00 is charged R 600. 00 – 1050. 00 10. To Pro rata levies (levies payable for one month or Tri-Partheid Agreement) TBA 11. To postage & petties (All inclusive fee for postage and petties, correspondence, attendances and (courier costs) R 900. 54 7. Borer Beetle Certificate inspection fee 8. Borer Beetle treatment 9. Gas Certificate ± R 350. 00 10. Electrical Fence Certificate 11. If Seller owes SARS money, attorney will be appointed in terms of Section 99 of the Income Tax Act to collect and attend to payment.