Prod Calculator Admin

<calculator> <vos> <common> <ShowStampDutyAssumption value="true" /> <!-- <Footer type="cdata"><![CDATA[Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions. Calculator © InfoChoice 2019.]]></Footer> <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>The Stamp Duty Calculator calculates transfer duty, mortgage duty, mortgage registration and transfer fees for properties with an existing dwelling. Different rates of duty and fees may apply for vacant land and you should contact the OSR in your state or territory for the correct rates.</p><p><b>How much is Stamp duty? How is it calculated?</b></p><p><br />Stamp duty on real estate purchases, can also be known as Transfer of Land duty, and how much you pay is dependent on the state in which you buy the property, and of course, the value of the property. In Victoria, for property sales today, the rate of duty is charged on a sliding scale, from 1.4% of the purchase price for properties valued at $25,000 or less, to a capped rate of 5.5% for properties valued at more than $960,0001. Please note also that there may a range of exemptions and concessions you might be entitled depending on the nature of the transaction, the use of the property and/or your personal circumstances. These may alter the amount of stamp duty you are required to pay. These also vary from state to state so ensure you check with your state’s revenue office. (Source: InfoChoice <a href="http://www.infochoice.com.au/home-loans/guides/stamp-duty-guide/42757/1/1,22,24,3,37" target="_blank">Stamp Duty Guide</a> ¹ State Revenue Office, Victoria, viewed 8/7/2016: <a href="http://www.sro.vic.gov.au/land-transfer-duty" target="_blank">http://www.sro.vic.gov.au/land-transfer-duty<a>) </p>]]></AssumptionText>--> </common> <stampDuty> <State index="1" /> <PropertyValue type="num" default="500000" min="30000" max="2000000" step="1000" /> </stampDuty> </vos> <styles> <Accordian desktop-accordian-customizable="true" inactive-accordion-color="#808285" background-color="" /> </styles> </calculator>