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@pauldwhitman
Last active November 20, 2016 10:56
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Save pauldwhitman/5f69b5505d5f9638ed61bbbd9bd72d89 to your computer and use it in GitHub Desktop.
Microsoft Excel formula for calculating stamp duty in Tasmania (TAS), Australia. This formula follows the letter of the law. The output of this formula doesn't match the official calculator, because their calculator only "rounds" the input to the nearest $100. I cannot tell from the Tasmanian SRO website whether they do this when calculating act…
=
IF(A1 > 725000, 27810 + 0.045 * (A1 - 725000),
IF(A1 > 375000, 12935 + 0.0425 * (A1 - 375000),
IF(A1 > 200000, 5935 + 0.04 * (A1 - 200000),
IF(A1 > 75000, 1560 + 0.035 * (A1 - 75000),
IF(A1 > 25000, 435 + 0.0225 * (A1 - 25000),
IF(A1 > 3000, 50 + 0.0175 * (A1 - 3000),
50)
)))))
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