Transfer duty is payable based on the value of the property, with specific rates for different value ranges. For properties valued between 0 to 5,000 USD, the duty is 400 USD. For properties valued between 5,001 to 20,000 USD, the duty is 2% of the value above 5,000 USD. For properties valued between 20,001 to 50,000 USD, the duty is 3% of the value above 20,000 USD. For properties valued above 50,001 USD, the duty is 4% of the value above 50,000 USD.
Additionally, conveyance costs of up to 4% plus 15% VAT must be added. The buyer is normally responsible for paying the transfer duty, but the sale agreement can specify otherwise.