Stamp duty is a tax imposed on property transactions, including commercial properties. It's calculated based on the property's purchase price and location. The rates vary by region and property value. To calculate stamp duty, determine the purchase price, then apply the applicable rate. For example, if the property costs $1 million and the stamp duty rate is 5%, the calculation would be 5% of $1 million, resulting in $50,000 in stamp duty. Additional factors, such as exemptions or reliefs, can influence the final amount. Consulting local tax authorities or using online calculators can provide accurate figures, aiding in budgeting for commercial property acquisitions.
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