Existing and Proposed Rates of Stamp Duty on Property Assignments
(i) Proposed New Rates of Duty
The proposed new rates of duty, subject to marginal relief, are
Property consideration
Appendix F(4)
Duty
Up to
$ 250,000
$20
$ 250,001 to $500,000
0.75%
$ 500,001 to $1,000,000
$1,000,001 to $1,500,000
Over $1,500,000
1.5%
2.0%
2.75%
Marginal relief: under the proposed new formula, whenever the consideration of a property slightly exceeds a marginal point on the scale of rates, the amount required to be added to the duty payable will be 10%, as opposed to the present 100%, of the excess of the consideration over that point.
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