How do I calculate the Stamp Duty payable for Lease /Tenancy Agreement?
Stamp Duty is calculated using Lease Duty rates and is based on the higher of the contractual rent or the market rent.
Average Annual Rent (AAR) is determined based on the higher of the average annual contractual or annualized market rent, including other considerations.
Properties with an AAR of $1,000 or less are exempt from Stamp Duty.
For properties with an AAR exceeding $1,000, please refer to the applicable Lease Duty rate.
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