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Seller net proceeds calculator · intelligentprop.com/tools/net-proceeds-calculator
Seller net proceeds calculator
Your proceeds are the selling price less agent commission and the 15% VAT on it, the bond you settle, and the costs of cancelling it.
R
5% plus VAT
R
R
Your bank and the cancellation attorney can quote these.
R
Compliance certificates, early settlement penalties, moving.
What you walk away with
R7,810,000
- Selling price
- R12,000,000
- Agent commission at 5%
- – R600,000
- VAT on commission at 15%
- – R90,000
- Bond settled
- – R3,500,000
- Bond cancellation costs
- – R0
- Other costs
- – R0
- Net proceeds
- R7,810,000
Commission is agreed between you and your agent and is not fixed by law. Capital gains tax may apply if the home is not your primary residence; ask a tax practitioner.
Not sure what to ask for? Start with what homes like yours are listed for.
Estimate my homeHow it is calculated
Commission is a percentage of the selling price, plus VAT at 15% when the agency is VAT registered. Your outstanding bond is settled from the proceeds on registration, along with any cancellation costs your bank and attorney charge.
In South Africa the seller usually pays the agent. The buyer pays transfer duty and the transfer costs, so those do not come off your proceeds.
Questions people ask
What commission do estate agents charge in South Africa?
Commonly 5% to 7.5% of the selling price, plus VAT. No law or regulator sets the rate: it is agreed between you and the agent, and it is negotiable.
Do I pay capital gains tax when I sell my home?
Not on the first R3,000,000 of gain on your primary residence, as announced in Budget 2026 for tax years from 1 March 2026. Gains on second homes and investment property are taxable: 4% of an individual’s gain is added to taxable income, an effective rate of up to 18%, after an annual exclusion of R50,000, also as announced in Budget 2026.
What if I sell as a non-resident?
When a non-resident sells South African property for more than R2,000,000, the buyer must withhold 7.5% of the price for an individual seller (1% for a company, 15% for a trust) and pay it to SARS as an advance on the seller’s tax. A SARS directive can reduce it.
Who pays the bond cancellation costs?
The seller. Ask your bank for a cancellation figure as soon as you decide to sell: notice periods and early settlement charges vary from loan to loan.
Sources
- ooba: Estate agent commissionChecked 3 October 2026
- SARS: Value-Added TaxChecked 3 October 2026
- SARS: Capital gains tax ratesChecked 3 October 2026
- SARS: Non-resident sellers of immovable property (section 35A)Checked 3 October 2026
Results are estimates to help you plan. They are not financial, tax or legal advice.