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Long leases – No stamps needed! |
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by
LawDotNews
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Published
2009/05/05 12:00:00 AM
(Viewed
661
times) |
From 1 April 2009, leases no longer attract stamp duty. Previously leases of 5 years and longer were dutiable, at a cost of 0,5% of total rental payable
and note that stamping is still required for any such leases entered into on or before 31 March.Stamp Duty having now been entirely abolished, if you have any unused revenue stamps, or credits in a revenue franking machine, get a refund from SARS.
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