Appendix F(4)(cont'd)
(iii) EXAMPLES OF THE EFFECT THE PROPOSED NEW RATES
WILL HAVE ON STAMP DUTY PAYABLE AT VARIOUS
LEVELS OF PROPERTY CONSIDERATION
Existing
Proposed
Consideratio
($)
duty payable
($)
duty payable
($)
Duty saved
($)
250,000
20
252,000
2,020
22020
NIL
1,800
(89%)
255,000
2,550
520
2,030 (80%)
260,000
2,600
1,020
1,580
(61%)
300,000
3,000
2,250
750
(25%)
500,000
5,000
3,750
1,250
(25%)
510,000
14,025
4,750
9,275
(66%).
520,000
14,300
5,750
8,550 (60%)
550,000
15,125
8,250
6,875
(45%)
600,000
16,500
9,000
7,500 (45%)
¿,000,000
27,500
15,000
12,500 (45%)
,050,000
28,875
20,000
8,875 (31%)
1,100,000
30,250
22,000
8,250 (27%)
1,500,000
41,250
30,000
11,250 (27%)
1,600,000
44,000
40,000
4,000
(9%)
1,650,000
45,375
45,000
375
( 1%)
- 67 -