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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 £500,000.

Stamp Duty and Stamp Duty Land Tax (SDLT)
Property in England, Wales and N. Ireland

RateResidential 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.

 

RateNon-Residential Property
Zero£0 – £150,000
2%£150,001 – £250,000
5%Over £250,000
Effective 17 March 2016

 

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.

A new higher rate of SDLT was introduced on 1 April 2016 and applies to purchases of additional residential property such as buy to let and second homes.
The new rate is 3% higher than the current SDLT rates and applies to the purchase of additional residential properties valued at over £40,000.

 

Scotland: Land & buildings transaction tax (SLBTT)
Property in Scotland

RateResidential 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.

RateNon-Residential Property
Zero£0 – £150,000
3%£150,001 – £350,000
4.5%Over £350,000

 

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

There is a 3% SLBTT supplement for purchases of additional residential properties in Scotland that came into effect from 1 April 2016. the rules are similar to those in operation across the rest of the UK.

 

Disclaimer
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