CHANGE OF OWNERSHIP 2025

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a legal process that makes someone the official new owner of a property, business, or vehicle: A Change of Ownership notice was posted on the restaurants door. (Definition of change of ownership from the Cambridge Business English Dictionary Cambridge University Press)
After completing the Change of Ownership Notification Form, the seller must submit it to their local registering authority within 21 days of the sale. This can be done at the nearest traffic department or licensing office. The buyer should keep a copy of the form for their records.
1. Transfer Duty Tax Paid to SARS (Paid by the Buyer) Property ValueTransfer Duty Payable Up to R1,100,000 No transfer duty R1,100,001 R1,500,000 3% of the amount above R1,100,000 R1,500,001 R2,500,000 R12,000 + 5% of the amount above R1,500,000 R2,500,001+ R62,000 + 8% of the amount above R2,500,000 Feb 22, 2025
Section 60 defines a change in ownership as a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest.
The easiest way to do this is online and on the spot. Both buyers and sellers can use online services on the Waka Kotahi website to notify a change of registered person. Bring your mobile phone and call Waka Kotahi change of registered person on the spot.
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If you have purchased a pre-owned motor vehicle you have to complete an NCO with your vehicle registration. Change of Ownership means that the current titleholder needs to be updated on the motor vehicle registration certificate and the new titleholder is registered on the national traffic information system (eNaTIS).
To transfer ownership online youll need to complete a form on the DVLA website. Youll need the details of the new owner, and the 11-digit reference number from the cars V5C logbook. Once the online form is completed and submitted youll receive an email confirmation.

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