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LAND TRANSFER TAX CALCULATOR

 

Land Transfer Tax Rates

The tax rates on the value of the consideration are as follows:

  • amounts up to and including $55,000: 0.5%  ($275)
  • amounts exceeding $55,000, up to and including $250,000: 1.0%  ($1,950)
  • amounts exceeding $250,000, up to and including $400,000: 1.5% (2,250)
  • amounts exceeding $400,000: 2.0% (e.g. 700,000 purchase would be $300,000 x 0.02 = $6,000 plus the 3 previous amounts, total = $10,475)
  • amounts exceeding $2,000,000, where the land contains one or two single family residences: 2.5%. (e.g. $3,000,000 purchase would be $1,000,000 x 0.025 = $25,000 plus $275, $1,950, $2,250 plus ($1.6m x 0.02 = $32,000)  = total $61,475
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