-99-*
Appendix F(4)(cont'd)
Consideration
Existing rates
Proposed rates
(ii) COMPARISON OF EXISTING AND PROPOSED RATES OF DUTY
Estimated no. of
persons who will benefit under the
proposal
Average duty saved per person ($)
Up to $250,000
$250,001-$252,505
$20
$20
NIL
$20 + excess of
consideration over $250,000
$20 + 10% of excess of
consideration over $250,000
1,800
1,100
Ja
$252,506 $270,057
IX
$270,058 - $500,000
1%
0.75%
$500,001 - $508,997
$5,000 + excess of
consideration over $500,000
$3,750 + 10% of excess of
consideration over $500,000
71,500
900
800
5,000
$508,998 $544,130
2.75%
$544,131 $1,000,000
2.75%
$1,000,001 - $1,062,520
2.75%
1.5%
20,600
8,900
$15,000 + 10% of excess of
consideration over $1,000,000
500
6,000
-
$1,062,521 $1,500,000
2.75%
2%
3,900
9,000
$1,500,001 - $1,655,180
2.75%
$30,000 + 10% of excess of
900
5,600
consideration over
$1,500,000
Over $1,655,180
2.75%
2.75%
NIL
100,000