Stamp Duty
 

I am trying to write a formula to calculate the stamp duty in the UK as
follows for Excel 2000. Below CELL is the value of the property purchased
i.e £310000

If CELL value < 250000 then answer = 1% of CELL value
If CELL value =250000 and <500000 then answer = 3% of CELL value
If CELL value 500000 then answer = 4% of CELL value

In the above example where CELL = 310000 the answer should be 9300

Thanks for your help

Stamp Duty
 

Say CELL is A1

=A1*IF(A1<250000,0.01,IF(A1<50000,0.03,0.04))

HTH
--
AP

"Mr Stanley (UK)" <Mr Stanley a écrit dans
le message de news: ...
I am trying to write a formula to calculate the stamp duty in the UK as
follows for Excel 2000. Below CELL is the value of the property purchased
i.e £310000

If CELL value < 250000 then answer = 1% of CELL value
If CELL value =250000 and <500000 then answer = 3% of CELL value
If CELL value 500000 then answer = 4% of CELL value

In the above example where CELL = 310000 the answer should be 9300

Thanks for your help

Stamp Duty
 

Try:

=IF(A1<250000,A1*0.01,IF(A1<=500000,A1*0.03,A1*0.0 4))

I assumed <= 500000 ss it wasn't clear from your posting

HTH

"Mr Stanley (UK)" wrote:

I am trying to write a formula to calculate the stamp duty in the UK as
follows for Excel 2000. Below CELL is the value of the property purchased
i.e £310000

If CELL value < 250000 then answer = 1% of CELL value
If CELL value =250000 and <500000 then answer = 3% of CELL value
If CELL value 500000 then answer = 4% of CELL value

In the above example where CELL = 310000 the answer should be 9300

Thanks for your help

Stamp Duty
 

Thanks very much - your formula is correct.

"Toppers" wrote:

Try:

=IF(A1<250000,A1*0.01,IF(A1<=500000,A1*0.03,A1*0.0 4))

I assumed <= 500000 ss it wasn't clear from your posting

HTH

"Mr Stanley (UK)" wrote:

I am trying to write a formula to calculate the stamp duty in the UK as
follows for Excel 2000. Below CELL is the value of the property purchased
i.e £310000

If CELL value < 250000 then answer = 1% of CELL value
If CELL value =250000 and <500000 then answer = 3% of CELL value
If CELL value 500000 then answer = 4% of CELL value

In the above example where CELL = 310000 the answer should be 9300

Thanks for your help

Stamp Duty
 

Thanks Ardus - there is an error in your formula. See Toppers reply.
Thank you anyway for your reply.

"Ardus Petus" wrote:

Say CELL is A1

=A1*IF(A1<250000,0.01,IF(A1<50000,0.03,0.04))

HTH
--
AP

"Mr Stanley (UK)" <Mr Stanley a écrit dans
le message de news: ...
I am trying to write a formula to calculate the stamp duty in the UK as
follows for Excel 2000. Below CELL is the value of the property purchased
i.e £310000

If CELL value < 250000 then answer = 1% of CELL value
If CELL value =250000 and <500000 then answer = 3% of CELL value
If CELL value 500000 then answer = 4% of CELL value

In the above example where CELL = 310000 the answer should be 9300

Thanks for your help