New StampDuty and Transfer Tax Fees
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ABCDEFGHIJKLMNOPQRSTUVWXYZ
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House Purchase Costs
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Purchase Price $ 10,000,000.00
(Enter amount to change)
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BEFOREAs of April 1, 2019
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Fee (J$):SellerBuyerFee (J$):SellerBuyer
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Transfer Tax= 5% 500,000 0Transfer Tax= 2% 200,000 -
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Stamp Duty =2% (each) 200,000 200,000 Stamp Duty =$5000* 5,000
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Total: 700,000 200,000 Total: 205,000 -
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*Assuming paid by the seller
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SellerBuyer
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DifferenceDifference 495,000 200,000
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Total Fees Saved
695,000
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%Change in Fees:
77%
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Created by: gillyj@gmail.com
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https://jamaicandata.blogspot.com/
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Twitter: @MsGillyJ
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