Amendments to the Transfer Duty Act

Duty on Property excluding agricultural land:

 
Property Value Duty
Nil to 400 000 Nil
400 000 to 800 000 1%
800 000 to 1500 000 4000 + 5%
1500 000 and above 39000 + 8%

The saving on a property of N$ 1500 000 and over will be N$ 60 000.

These amendments take effect from 1 May 2010.