SARS has issued new directives for the issuing of transfer duty receipts for the transfer of property, if the selling price is R2million, or more.
No application will be processed unless both seller and buyer have an income tax number.
Foreign purchasers are the only exception to this rule.
All sellers must now have a tax number.
With any individual who is married in or out of community, at least one spouse must have a tax number.
As such, when discussing an offer with a purchaser, please ensure he/she (and if married in or out, i.e. under SA law, then either one of them)/it, has an income tax number. If not, he/she/it will have to apply for one immediately.