Stamp Duty

M

Mr Stanley (UK)

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
 
T

Toppers

Try:

=IF(A1<250000,A1*0.01,IF(A1<=500000,A1*0.03,A1*0.04))

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

HTH
 
M

Mr Stanley (UK)

Thanks very much - your formula is correct.

Toppers said:
Try:

=IF(A1<250000,A1*0.01,IF(A1<=500000,A1*0.03,A1*0.04))

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

HTH
Click to expand...
 
M

Mr Stanley (UK)

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