Stamp Duty Land Tax (SDLT) is paid at a flat percentage of the purchase consideration, as follows:
|
Rate |
Residential |
Non-residential |
|
|
|
Disadvantaged areas |
Other |
|
|
|
£ |
£ |
£ |
| 0% | 0-150,000* | 0-125,000* | 0-150,000 |
| 1% | 150,001-250,000 | 125,001-250,000 | 150,001-250,000 |
| 3% | 250,001-500,000 | 250,000-500,000 | 250,001-500,000 |
| 4% | Over 500,000 | Over 500,000 | Over 500,000 |
First time buyers (residential property)
From 25 March 2010 up to 24 March 2012, first-time buyers can claim a relief from SDLT if the amount paid for the property is under £250,000. This relief applies whether or not the property is in an area designated as disadvantaged.
* SDLT threshold 3 Sept 2008 - 31 December 2009
Between 3 September 2008 and 31 December 2009 the starting threshold for SDLT was £175,000. The threshold was reduced back to £125,000 from 1 January 2010.
SDLT rates for non-residential or mixed use properties
Non-residential property includes:
- Commercial property such as shops or offices
- Agricultural land
- Forests
- Any other land or property which is not used as a dwelling
- Six or more residential properties bought in a single transaction
A mixed use property is one that incorporates both residential and non-residential elements.
Stamp Duty rates
Stamp duty on shares and securities: 0.5%
Useful links:
HMRC SDLT rates and thesholds (these also give you the rates for leases)
