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Residential Property - Land Transfer Tax Calculation
Purchase Price |
Land Transfer Calculation |
| 0 - 55,000 |
.005 x Amount |
| 55,001 - 250,000 |
(.01 x Amount) minus 275 |
| 250,001 - 400,000 |
(.015 x Amount) minus 1,525 |
| 400,000 + |
(.02 x Amount) minus 3,525 |
Commercial Property - Land Transfer Tax Calculation
| Purchase Price |
Land Transfer Calculation |
| 0 - 55,000 |
.005 x Amount |
| 55,001 - 250,000 |
(.01 x Amount) minus 275 |
| 250,001 |
(.015 x Amount) minus 1,525 |
|
