Stamp Duty What is Stamp Duty? This is a property tax paid to the Government.   Stamp duty on properties that are both residential/commercial is calculated at the commercial rate. Stamp Duty breakdown: Residential Property: Under $350,000.00                 - exempt $350,000.00 - $450,000.00   - 5% (on $100,000.00) $451,000.00 - $550,000.00   - 7.5% (on $100,00.00) Over $550,000.00 - 10%        - 7% (on total)  Commercial Property:   Under $300,000.00                 - 2% $300,000.00 - $400,000.00   - 5% (on total) Over $400,000.00                   - 7% (on total) Documents requiring Stamping   Documents that require stamping under Stamp Duty Legislation include:-    i.   Deeds of Conveyance    ii.  Deeds of gift    iii. Deeds of Mortgage.    iv.  Release of Life Insurance Policies    v.   Powers of Attorney.    vi.  Transfers of Shares.    vii. Deeds of Lease.    viii.Deed Polls.    ix.  Bonds - Performance and other wise.    x.   Deeds of any other kind