NSW Stamp Duty Formula - Aussie Stock Forums

# Thread: NSW Stamp Duty Formula

1. ## NSW Stamp Duty Formula

I am working on a spreadsheet that is comparing various properties.

As I would like to take stamp duty into consideration I would like to know what formula NSW uses for calculating stamp duty.

Some googling gave me this: http://www.moneybuddy.com.au/home-lo...tamp-duty.html

< \$14,000 1.25% of dutiable value
\$14,001 - \$30,000 \$175 + 1.5% of dutiable value
\$30,001 - \$80,000 \$415 + 1.75% of dutiable value
\$80,001 - \$300,000 \$1,290 + 3.5% of dutiable value
\$300,001 - \$1 million \$8,990 + 4.5% of dutiable value
> \$1 million \$40,490 + 5.5% of dutiable value

but this formula doesn't agree with the many online calculators that are available from the web.

As I believe stamp duty takes into consideration the purchase price and the loan amount; I really would like the formula in black and white so I can include it in my spreadsheet rather than having to manually calculate it via what may be inaccurate online calculators.

If anyone can help, that would be great!

Thanks.

2. ## Re: NSW Stamp Duty Formula

OSR told me on the phone;

\$80,000 - \$1,290
then \$3.50 per \$100 up to \$300,000

\$300,000 - \$8,990
then \$4.50 per \$100 up to \$1,000,000

\$1,000,000 - \$40,490
then \$5.50 per \$100

So looking at http://www.moneybuddy.com.au/home-lo...tamp-duty.html, these numbers agree.

3. ## Re: NSW Stamp Duty Formula

A good comprehensive summary of stamp duty in various states is here.

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