Stamp duty (also known as transfer duty) is a tax on buying property. Depending on the price of the property you’re buying there will be different rates. You’ll be charged a fixed amount as well as a percentage of the property price. These two components determine your stamp duty.
2. How much is NT stamp duty?
For homes worth up to $525,000 there is a formula to calculate your stamp duty. Properties worth over $525,000 will be charged a percentage of the property’s value. Depending on your circumstances you may qualify for an exemption.
Stamp duty payable
Up to $525,000
Duty payable = (0.06571441 x V) + 15V, where V is 1/1,000 of the property’s dutiable value