Stamp Duty & Stamp Duty Land Tax (SDLT)
Stamp Duty and Annual Tax on Enveloped Dwellings
Shares and securities rate 0.5%
The annual tax on Enveloped Dwellings (ATED) is payable by certain non-natural
persons that own interests in dwellings valued at more than £1 million.
Stamp Duty and Stamp Duty Land Tax (SDLT)
Property in England, Wales and N. Ireland
"New rules for calculating SDLT on residential properties came
into effect from 4 December 2014"
|
Rate |
Residential Property |
|
Zero |
£0 - £125,000 |
|
2% |
£125,001 - £250,000 |
|
5% |
£250,001 - £925,000 |
|
10% |
£925,001 - £1,500,000 |
|
12% |
Over £1,500,000 |
SDLT on non-residential and mixed used properties.
|
Rate |
Non-Residential Property |
|
Zero |
£0 - £150,000 |
|
1% |
£150,001 - £250,000 |
|
3% |
£250,001 - £500,000 |
|
4% |
Over £500,000 |
"These rates are applied on a graduated basis with the portion
of the purchase price within each tier charged at the applicable rate."
15% is applied to residential properties held in a 'corporate envelope' costing over £500,000 and purchased on or after 20 March 2014.
Scotland: Land & buildings transaction tax (SLBTT)
Property in Scotland
The SLBTT came into force on 1 April 2015 and replaced SDLT in Scotland.
|
Rate |
Residential Property |
|
Zero |
£0 - £145,000 |
|
2% |
£145,001 - £250,000 |
|
5% |
£250,001 - £325,000 |
|
10% |
£325,001 - £750,000 |
|
12% |
Over £750,000 |
Non-Residential and mixed use properties.
|
Rate |
Non-Residential Property |
|
Zero |
£0 - £150,000 |
|
3% |
£150,001 - £350,000 |
|
4.5% |
Over £350,000 |
These rates are applied on a graduate basis with the portion of the purchase price within each tier charged at the applicable rate.
Disclaimer
In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually and unintentional errors can occur and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read - contact us first for advice on how it may affect your individual circumstances.
