On the transfer of property, the stamp duty land tax is:
Residential Non-Residential
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Value up to £125,000*
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0%
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0%
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Over £125,000* – £250,000
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2%
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2%
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Over £250,000 – £925,000
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5%
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5%
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Over £925,000 – £1,500,000**
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10%
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5%
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Over £1,500,000*
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12%**
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5%
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Residential SDLT calculated on the consideration falling within each band. Additional SDTL of 3% may apply to the purchase of additional residential properties from 1 April 2016. Non-residential SDLT is also calculated on the consideration falling within each band. * Non-reisdential £150,000. Resdiential Property Only * From april 1 2015 the Land and Buildings Transaction Tax replaced SDLT in Scotland. Contact us for advice.
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