Updated Transfer Duty Declaration Form and What You Need to Know
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SARS has made important changes to the Transfer Duty Declaration (TDC01) form on eFiling. These changes are meant to make the process simpler, reduce mistakes, and help SARS collect the correct amount of tax during property transactions.
What is the Transfer Duty Declaration (TDC01) Form?
The TDC01 Transfer Duty Declaration must be submitted for all property transactions in South Africa, whether or not duty is payable. It is usually completed by conveyancers, but buyers and sellers must provide accurate tax and personal details. Tax practitioners may assist if authorised. The declaration is needed to obtain a Transfer Duty Receipt or Exemption Certificate, which is required for registration at the Deeds Office.
What Has Changed?
Here’s a quick summary of what’s new, and why it matters:
Tax reference number now required
Both the buyer and seller must include their tax reference numbers. Individuals only need to include this if the property is valued over R2 million.
Annual income field removed
You’ll no longer see this field on the form one less thing to worry about.
New marital status option
The form now includes “Divorced” as a marital status. This makes it easier to capture personal information correctly.
Not registered for income tax? Now you must explain
If the buyer is not registered for income tax, they’ll now need to select that option and choose a reason from a drop-down menu.
Better checks to reduce errors
SARS has added extra checks to help prevent incorrect or incomplete information from being submitted.
Why This Matters
These updates are aimed at making property transactions more accurate and efficient. If you’re an accountant, tax practitioner, or conveyancer, knowing these changes will help you avoid delays and keep your clients compliant.
For more detail, read the updated SARS Transfer Duty Guide (TD-AE-02-G02) for more detail or visit the SARS Transfer Duty webpage. Make sure your team is aware of these changes and help your clients prepare the right documents the first time.
