|
|
|
|
sale
price |
Duty |
| |
|
|
|
$115,000 |
$2,560 |
|
|
$150,000 |
$4,660 |
|
|
$200,000 |
$7,660 |
|
|
$300,000 |
$13,660 |
|
|
$400,000 |
$19,660 |
| |
|
|
|
To
calculate stamp duty on properties between $115,000 and $870,000
use the following formula: |
| |
|
|
((cost
of property-$115,000) x .06)+$2,560 |
|
|
|
to
illustrate; assume you have purchased a property
for $290,000. The calculation would be: |
| |
|
|
|
|
(($290,000-$115,000)
x .06)+$2,560 |
|
|
=
|
(($175,000)
x .06)+$2,560 |
|
=
|
($10,500)+$2,560 |
|
=
|
$13,060 |
|
|
