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0.5% on the first $55,000 of the purchase
price, plus |
|
1.0% on the amount exceeding $ 55,000 up to
and including $250,000, plus
|
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1.5% on the amount exceeding $250,000 up to
and including $400,000, plus
|
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2.0% on the amount over $400,000.(Be
aware that for non-residential properties, such
as industrial or commercial real estate, there
is no 2% charge since the tax rate is 1.5% for
any amount of purchase price over $250,000
regardless of the total price.) |
NOTE: If you are buying new from the builder,
the Land Transfer Tax is calculated on a price which
is net of GST and therefore the Land Transfer Tax
will be slightly less for a new home than for a
resale home with the same price.
Land Transfer Tax Calculator |
