Transaction Costs

SELLER’S COSTS (APPROXIMATE)

Stamp Duty (1/2) 2.00%
Registration (1/2) 0.25%
Transfer Tax (Full) 5.00%
Cost of preparing Agreement for Sale (1/2) 0.20%*
G.C.T. on cost of preparing Agreement for Sale 0.04%*
Attorney’s Fees 3.00%*
G.C.T. on Attorney’s Fees 0.50%*
Commission 5.00%
GCT on Commission 0.83%
TOTAL COST                                                              (Approximate) 16.82%

(*) Denotes that percentage is variable. G.C.T. is currently 16.5%

In addition, if there is an existing mortgage on the property, settlement costs will be incurred.