Stamp duty is payable at a rate of 0.5% on certain transfers of shares and securities of £1,000 and over. The incremental rate of stamp duty land tax is only payable on the part of the property price within each duty band.
| On the transfer of residential property | |||
|---|---|---|---|
| Up to £125,000 | 0% | £925,001 to £1,500,000 | 10% |
| £125,001 to £250,000 | 2% | Over £1,500,000 | 12% |
| £250,001 to £925,000 | 5% |
| On the transfer of commercial property | Rate |
|---|---|
| Up to £150,000 | 0% |
| £150,001 to £250,000 | 2% |
| Over £250,000 | 5% |
Land and buildings transaction tax in Scotland
| On the transfer of residential property | |||
|---|---|---|---|
| Up to £145,000 | 0% | £325,001 to £750,000 | 10% |
| £145,001 to £250,000 | 2% | Over £750,000 | 12% |
| £250,001 to £325,000 | 5% |
| On the transfer of commercial property | Rate |
|---|---|
| Up to £150,000 | 0% |
| £150,001 to £250,000 | 1% |
| Over £250,000 | 5% |
Land and buildings transaction tax in Wales
| On the transfer of residential property | |||
|---|---|---|---|
| Up to £180,000 | 0% | £400,001 to £750,000 | 7.5% |
| £180,001 to £250,000 | 3.5% | Over £750,001 to £1,500,000 | 10% |
| £250,001 to £400,000 | 5% | Over £1,500,000 | 12% |
| On the transfer of commercial property | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 to £250,000 | 1% |
| £250,001 to £1,000,000 | 5% |
| Over £1,000,000 | 6% |
Notes
- Stamp Duty & SDRT: Stocks and marketable securities 0.5%
- Second residential properties: over £40,000 – add 3% to SDLT rate and 4% added to LBTT and LTT rate(s)
- First-time buyers UK: 0% on first £300,000 for properties up to £500,000
- UK non-resident purchasers: 2% surcharge on properties £40,000 or more
- UK residential properties: bought by companies etc over £500,000 – 15% on total consideration subject to certain exemptions
- First-time buyers Scotland: 0% on first £175,000
