16 Apr Compound interest calculator
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Without the off-the-plan concession, John would have paid land transfer duty on $1,100,000. This means the dutiable value of his apartment after applying the off-the-plan concession is $600,000 ($1,100,000 – $500,000). Without the off-the-plan concession, Kris would have paid duty on $1,300,000 at general rates. This means the dutiable value of his apartment after applying the off-the-plan concession is $770,000 ($1,300,000 – $530,000). Without the off-the-plan concession, Sisi would pay land transfer duty on $700,000 at general rates. This means the dutiable value of her apartment after applying the off-the-plan concession is $175,000 ($700,000 – $525,000).
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