Listed entities need a second transfer duty exemption

Friday, October 18, 2019

We now have a new Transfer Duty Act (hereinafter, the Act) with new provisions which were enacted on August 28, 2019.

The new amendments bring about a lot of improvements to the Transfer Duty Act but there are some implementation issues that need consideration.

One of the issues which will prove to be a challenge is whether Botswana Stock Exchange (BSE)-listed entities are citizens for the purposes of the new Act, especially when they need to acquire immovable property or shares in a company holding immovable property.

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Listed entities need a second transfer duty exemption

We now have a new Transfer Duty Act (hereinafter, the Act) with new provisions which were enacted on August 28, 2019.