Stamp duty is a tax imposed on property transactions, including commercial property purchases. The amount varies based on property value and location. To calculate it, determine the property's purchase price and find the applicable stamp duty rates for your area. Often, rates increase in tiers as the property value rises. Multiply the purchase price by the applicable rate, then add any fixed charges. Online calculators can simplify this process. Remember to consider exemptions or reliefs that might apply. Properly calculating stamp duty is essential for budgeting when acquiring commercial property, as it directly impacts overall acquisition costs.
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