How this calculator works
Apply the agreed percentage to the sale price. Tax is applied to the commission, not to the full property price. Enter the applicable service-tax rate yourself; the tool does not select a jurisdiction. Seller proceeds here deduct only this fee, before mortgage payout, legal charges, transfer taxes and other closing adjustments. Commissions are negotiated and no rate is prescribed by this calculator.
Formula
Commission = sale price × commission rate. Tax = commission × tax rate. Gross commission = commission × (1 + tax rate). Seller proceeds = sale price - gross commission.
Worked example
At a $500,000 sale price and 5% commission, the fee is $25,000. With 13% tax on the fee, tax is $3,250, the gross fee is $28,250 and seller proceeds before other costs are $471,750.
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Frequently asked questions
Is 5% the standard commission?
It is only an example. Use the rate negotiated in your listing or service agreement.
Does this divide the fee between agents?
No. It shows the total entered commission. Brokerage and agent splits follow separate agreements.
Is this my final cash at closing?
No. Mortgage discharge, legal fees, taxes and adjustments can materially change the cash received.