Boland Landmark

10/05/2026

17/04/2026

SARS AMENDMENT
EFFECTIVE DATE: 8 DECEMBER 2025. Supplemented by the Transfer Duty Guide issued in February 2026.

In December 2025 SARS released new guidelines in terms of Transfer duty submissions and declaration forms. These amendments aim to improve the accuracy of information submitted in declarations and to streamline tax collection processes.

In terms of these guidelines all parties to a property transfer are now required to ensure that their information is updated and validated on the SARS eFiling portal to prevent delays in the issuing of a Transfer Duty Receipt. We will not receive our Transfer Duty Receipt if any of the details recorded at SARS are incorrect.

Under the new guidelines, all purchasers, sellers, and entities involved in property transfers are required to have a valid income tax number.

Transfer Duty submissions cannot proceed unless the following information has been validated:
• Identity number or valid passport number
o If the last three digits of the income tax number have changed, please ensure that the correct identity number is updated on the SARS system.
• Date of birth
• Income tax number
• Company / Trust / Close Corporation:
o Correct Registration number (where applicable)
o Correct Trading name(s) of the Company / Trust / Close Corporation (where applicable)
o Ensure income tax number and VAT number is linked to the company and validated.

To avoid any delays in transfer all parties should validate and update their information at SARS. To update their details a visit to a SARS office will be necessary.

Please note that the updating and verification requirement also applies to the property practitioner’s information.

27/03/2026

FNB AUTO-ALLOCATION

FNB adopted an auto allocate process in 2021 in terms of which bond registration matters are auto allocated by their internal system to the panel attorney who is next in line to receive an instruction. This was implemented to afford all attorneys serving on their panel equal opportunity to service their clients, and to put client service at the forefront of their business model. It also aimed to ease the process for clients by cutting out delays in the process where an attorney far outside the area of the property and purchaser’s residence is appointed to deal with the matter.

Circumstances must be avoided where purchasers and bond originators are requesting that the FNB bond instruction to be allocated to a specific firm, as this is not in line with the auto allocation process. Purchasers should be aware that such requests cannot be adhered to.

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