PTT on the transfer of land and buildings is payable at 5% of the realised value or the open market value. PTT on the sale of shares is payable at 5% of the open market value or nominal value, whichever is greater.

What is turnover tax in South Africa?

Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations. The turnover tax system replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax for micro businesses with a qualifying annual turnover of R 1 million or less.

How much is turnover tax in Zambia?

Turnover taxes A business with a turnover of ZMW 800,000 or less per annum will be taxed at the flat rate of 4%. Income that is subject to turnover tax will not be subject to income tax. The definition of ‘turnover’ for turnover tax purposes excludes interest, rental income, dividends, or royalties.

How much is the real estate transfer tax in California?

When compared to the real estate transfer tax systems of other states, the California Documentary Transfer Tax Act imposes a relatively low tax at the rate of $1.10 per $1,000 of value (exclusive of liens existing at the time of transfer).

What are the California documentary transfer tax rates?

The California Documentary Transfer Tax Act allows counties to impose taxes at a rate of 55 cents per $500 of property value or consideration paid. This amount—which is often calculated as $1.10 per $1,000 of property value or consideration paid—is reduced by any outstanding mortgage or other encumbrance on the property when it is transferred.

Are there transfer taxes in the county of Los Angeles?

Furthermore, a number of cities in the County of Los Angeles impose a documentary transfer tax, in addition to the $1.10 per $1,000 of value county transfer tax .

How to get a California documentary transfer tax deedclaim approved?

1 Confirmed under the Federal Bankruptcy Act; 2 Approved in an equity receivership proceeding in a court involving a railroad corporation; 3 Approved in an equity receivership proceeding in a court involving a corporation; or 4 Whereby a mere change in identity, form, or place of organization is effected.