Land Transfer Tax - How Do I Calculate It - How Much Do I Pay?

Land Transfer Tax (LTT) is paid when a buyer purchases a home. 

LTT Calculations are as follows:

  • Under $250,000.00 ----- Purchase Price x 1% less $275.00
  • Over   $250,000.00 ----- Purchase Price x 1.5% less $1,525.00
  • Over   $400,000.00 ----- Purchase Price x 2% less $ 3,535.00

This is a quick estimate, actual numbers will be worked out by your lawyer upon the official closing of the transaction.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Brad Stevenett

Brad Stevenett

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
Contact Me

Blog Archives