How to calculate Land Transfer Tax

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

LTT is calculated 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

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