SARS directive

This affects all bonds in terms of Item 7 of the First Schedule to the Stamp Duties Act, 1968. Notarial bonds, second bonds, subsequent bonds and bonds over commercial properties are included.

The determination date from which a bond will not be liable for stamp duty will be the date on which the bond is registered at the Deeds Registry. In the case of notarial bonds, the determination date will be the date on which the notary executes the bond.

Directive with examples