Stamp Duty Land Tax

Stamp Taxes

Stamp duty is generally payable at a rate of 0.5% on transfers of shares securities. On the transfer of property, the stamp duty land tax is:                                                     

                                                                                                                    Residential   Non-Residential

Value up to £125,000*

 

nil

0%

Over £125,000* – £250,000

 

2%

1%

Over £250,000 – £500,000

 

5%

3%

Over £500,000 – £1,000,000**

 

5%

4%

 

Over £1,000,000**-£2,000,000**

 

10%**

 

Over £2,000,000**

 

12%**

 

Residential SDLT calculated on the consideration falling within each band. Non-residential SDLT is charged at a single rate depending on total purchase price. * Non-reisdential £150,000. Resdiential Property Only * From april 1 2015 the Land and Buildings Transaction Tax replaces SDLT in Scotland. Contact us for advice.