The Property Transfer Tax Act provides that whenever property is transferred, property transfer tax is charged upon and collected from, the person transferring the property.
The term "property" means:

The property transfer tax is calculated on the realisable value of the property, that is the price at which it could, at the time of transfer, be sold on the open market.

Transfer to Immediate family
Where a person transfers his property to a member of his immediate family, the realised value of such property is the actual price, if any received by the transferor.
The term "immediate family" means:
" a spouse, child, duly adopted child or step- child"

Internal Organisation within a group of companies:
here, within a group of companies, a company transfers property to another company (other than a company which is not resident in Zambia) within the same group for the purposes of internal organsation of the group, the Commissioner General may treat such transfer as having no realised value. Exemptions:

(1) The following organizations are exempt from property transfer tax:

Approved pension fund or Medical Aid Society.

(2) The transactions as a result of the sale or other disposal of any stock or share listed by the Lusaka Stock Exchange.

(3) Contribution towards the equity for a company:

The transfer of property by a shareholder of a company incorporated

Under the companies Act, if such transfer is his contribution towards the equity of that company. The Commissioner General may treat such transfer as having no realised value.