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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

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

2%

£150,001 - £250,000

5%

Over £250,000

 

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.

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

 

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 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. 

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