No Amendments / Changes on Transfer Duty Receipts
SARS no longer allows for any manual amendments/changes to Transfer Duty Receipts and thus one will have to either obtain a new receipt or provide a Conveyancers certificate.
Information that must appear in Transfer Duty Receipts
SARS has indicated the following is information that must appear in a Transfer Duty Receipt:
- Full name and identity / registration number of the parties.
- Date of transaction.
- Purchase price, if property was sold.
- 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 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 Garden G10, name of the scheme, and the sectional plan number).
Errors in Transfer Duty Receipts
Transfer Duty Receipts will not be accepted on which errors of the following nature occur and new Transfer Duty Receipts will have to be obtained:
Where a clear difference between a name / identity number / registration number cited in other documents (i.e. power of attorney) and the Transfer Duty Receipts exist.
Errors in the property description. Citing incorrect Erf numbers or the names of places, e.g. Erf 345 instead of Erf 435, and Erf 345 Athlone instead of Erf 345 Cape Town, must not be accepted.
Errors regarding the incorrect portion, e.g. portion 1 instead of portion 11 or the remainder of a portion 1, etc. must not be accepted.
Omitting to refer to a personal servitude, e.g. usufruct etc.
The date of the transaction must be correct.
The purchase price on the Transfer Duty Receipt must tally with the purchase price referred to in the power of attorney.
A certificate by a conveyancer stating the correct position must be accepted regarding Transfer Duty Receipts on which errors of the following nature occur:
- where minor errors in the spelling of names i.e. Louww instead of Louw or Gustaf instead of Gustaff, etc. have been made.
- differences regarding the last seven digits in an identity number.
- where minor errors in the spelling of a township / farm / scheme name, etc. have been made.
- where incorrect or no reference has been made to the extension of a township, e.g. Nelspruit extension 2 (or Nelspruit) instead of Nelspruit extension 12.
- where incorrect or no reference has been made to the registration division of a farm / agricultural holding.
- where incorrect or no reference has been made to the extent of a property.
The above should be a clear indicator to all practitioners as to when a conveyancer’s certificate will be acceptable and when a new TDR needs to be procured.
Your authority for the above is found in CRC 9 OF 2009
Allen West
Property Law Consultant
HANNES GOUWS AND PARTNERS INC.
Attorneys, Notaries & Conveyancers
Tel: 012 321 1008
Cell 078 7655928
E-mail: allen@hannesgouws.co.za
Author of The Practitioners Guide to Conveyancing and Notarial Practice 3rd Edition
