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NSW Stamp Duty August 11, 2014 barney

Following formula for Stamp Duty in New South Wales.

Given Stamp duty is calculated at (please verify if following is correct at time of reading before applying this formula):

  • 3% of the market value up to $45,000
  • 5% on the value over $45,000.

Full formula:

case(int(({DutyValue}+99.99)/100),x>450,x*5-900,x*3)

Simplified formula (assumes you never sell bikes above $45k)

int(({DutyValue}+99.99)/100)*3