Land Transfer
1. **State the problem:** Calculate the land transfer tax for each given property value.
2. **Formula and rules:** Land transfer tax is typically calculated as a percentage of the property price. If GST (Goods and Services Tax) or GAT (General Activity Tax) is included, calculate the tax on the total amount including GST/GAT.
3. **Calculations:**
a) For $250,000, assuming a flat rate or no additional tax specified, land transfer = $250,000.
b) For $190,000, land transfer = $190,000.
c) For $155,000, land transfer = $155,000.
d) For $750,000, land transfer = $750,000.
e) For $140,000, land transfer = $140,000.
f) For $329,000 plus GAT 5%, total price = $329,000 + 0.05 \times 329,000 = $329,000 + $16,450 = $345,450.
Land transfer = $345,450.
g) For $189,000 plus GST 5%, total price = $189,000 + 0.05 \times 189,000 = $189,000 + $9,450 = $198,450.
Land transfer = $198,450.
h) For $320,200, land transfer = $320,200.
4. **Summary:**
- a) $250,000
- b) $190,000
- c) $155,000
- d) $750,000
- e) $140,000
- f) $345,450
- g) $198,450
- h) $320,200
Each land transfer amount is the property price plus any applicable GST or GAT tax calculated as 5% of the base price.