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January 29, 2017 05:53
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Microsoft Excel formula for calculating stamp duty in Northern Territory (NT), Australia. They have a curious way of calculating stamp duty below $525,000. Their stamp duty calculator rounds to the nearest 5 cents, so I do too with MROUND().
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| =MROUND( | |
| IF(A1 > 3000000 , 0.0545 * A1, | |
| IF(A1 > 525000 , 0.0495 * A1, | |
| 0.06571441 * (((A1/1000)^2)) + 15 * (A1/1000))) | |
| ,0.05) |
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