Govt scraps transfer duty for first time home buyers
Wednesday, November 03, 2010
The Ministry of Lands and Housing is pushing the Ministry of Finance and Development Planning to drive through an amendment of the Transfer Duty Act that will result in first time buyers being exempted from the requirement to pay the duty.
According to the Act, the duty is payable on all sales of immovable property above P200, 000 at the rate of five percent of the value of the property.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...