10

FICA AND OTHER DOCUMENTS ARE OBTAINED

THE PROCESS

The transfer attorney will send a list of their document and information requirements to each party (see the FICA requirements
per entity type on our website).

Besides the FICA documents, the transfer attorney needs a future address for the Seller, proof of banking details for Seller and Buyer and income tax numbers for the Seller, Buyer and estate agent.

ROLE PLAYERS

THE
SELLER

THE
BUYER

THE
ESTATE AGENT

POTENTIAL DELAYS

The Seller or Buyer not having been registered for income tax at SARS or either of them misplacing their income tax number. Not receiving the documents timeously from the Seller or Buyer.