Stamp Tax

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 £125,0000%£925,001 to £1,500,00010%
£125,001 to £250,0002%Over £1,500,00012%
£250,001 to £925,0005%
On the transfer of commercial propertyRate
Up to £150,0000%
£150,001 to £250,0002%
Over £250,0005%

Land and buildings transaction tax in Scotland

On the transfer of residential property   
Up to £145,0000%£325,001 to £750,00010%
£145,001 to £250,0002%Over £750,000 12%
£250,001 to £325,0005%
On the transfer of commercial propertyRate
Up to £150,0000%
£150,001 to £350,0003%
Over £350,0004.5%

Land and buildings transaction tax in Wales

On the transfer of residential property   
Up to £150,0000%£400,001 to £750,0007.5%
£150,001 to £250,0002.5%Over £750,000 to £1,500,000 10%
£250,001 to £400,0005%Over £1,000,00012%
On the transfer of commercial propertyRate
Up to £150,0000%
£150,001 to £250,0001%
£125,001 to £1,000,0005%
Over £1,000,0006%

Notes

  • Stamp Duty & SDRT: Stocks and marketable securities 0.5%
  • Second residential properties: over £40,000 – add 3% to SDLT/LBTT
  • First-time buyers UK: on first £300,000 for properties up to £500,000
  • UK residential properties: bought by companies etc over £500,000 – 15% on total
  • First-time buyers Scotland: on first £175,000 0%; max relief £600 from 6/18 (to be confirmed

 


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