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 Stamp duty, legal fee and real estate sales tax

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TSMrsticker251
post Aug 28 2017, 08:01 PM, updated 9y ago

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Hi all, my unit has been left vacant for almost 2 years and I am working overseas. As such , I need to sell as I cannot support the mortgage anymore. Anyone know how much stamp duty and legal fee I need to pay ? Also my holding period is less than 5 years and I read that I need to pay real estate sales tax , anyone knows how this is being calculated ? Though the selling price is likely higher than the price I paid but after accounting for mortgage and expenses (renovation, management fee, commission etc), I am actually making a loss, so do I still need to pay real estate sales tax ? If so, how do I compute it ?

 

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