Another cut in transfer duties?

What experts expect from next week’s Budget speech

Transfer duties on property sales are expected to be reduced slightly in next week's Budget but the move will be nowhere near the significant reduction announced last year.

This is the view of many property players on what Finance Minister Trevor Manuel will state in the 11th annual Budget on February 21 2007.

Last year, Manuel increased the transfer duty threshold from R190 000 to R500 000.

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