First $180,000 at 1%
Next $180,000 at 2%
Thereafter, 3% for remaining property price
For property price more than $360k,
a 'short-cut' method is to consider the 3% rate,
then subtract the 1% of 180K and 2% of 180K which works out to be $5,400.
Example:
Property Price = $1,000,000
Stamp duty calculation
(3% * $1,000,000)- 5,400
= $24,600
just looking at what is around at the moment....
ReplyDeleteStamp Duty