Buyer Stamp Duty calculation ( BSD )
The Buyer Stamp Duty ( BSD ) is 3% for property below $1million and 4% for above $1Million.
Calculation for property below $1Million:
$1,000,000 x 3% -$5400 = $24,600
Calculation for property above $1Million:
$1,500,000 x 4% -$15,400 = $44,600