Forum Discussion
Stamp Duty Calculation
=IF(F2<40000,0,SUMPRODUCT(--(F2>{0;250000;925000;1500000}),(F2-{0;250000;925000;1500000}),{0.03;0.05;0.05;0.02}))
Does this return the expected result?
This is the formula for Investment property up to April 2025, I put property purchase price in B3.
=IF(B3<=250000, B3*0.05,
IF(B3<=925000, 250000*0.05 + (B3-250000)*0.10,
IF(B3<=1500000, 250000*0.05 + (925000-250000)*0.10 + (B3-925000)*0.15,
250000*0.05 + (925000-250000)*0.10 + (1500000-925000)*0.15 + (B3-1500000)*0.17)))
Thank you. Any chance Residential after April 2025?
This will do it (presuming your property price is in cell B1), and is more efficient than multiple nested IFs:
=IF(B1<=125000,0,MIN(125000,B1-125000)*2%+MAX(MIN(B1-250000,675000),0)*5%+MAX(MIN(B1-925000,575000),0)*10%+MAX(B1-1500000,0)*12%)
Muckeyethanks so much - legend
This should work according the rate after April 2025
=IF(A1<=125000, 0,
IF(A1<=250000, (A1-125000)*0.02,
IF(A1<=925000, (125000*0.02) + (A1-250000)*0.05,
IF(A1<=1500000, (125000*0.02) + (675000*0.05) + (A1-925000)*0.10,
(125000*0.02) + (675000*0.05) + (575000*0.10) + (A1-1500000)*0.12))))
