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 £250,0001%
Over £250,0005%

Land and buildings transaction tax in Wales

On the transfer of residential property
Up to £180,0000%£400,001 to £750,0007.5%
£180,001 to £250,0003.5%Over £750,001 to £1,500,000 10%
£250,001 to £400,0005%Over £1,500,00012%
On the transfer of commercial propertyRate
Up to £225,0000%
£225,001 to £250,0001%
£250,001 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 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

 


  • Don’t hesitate to ask

    SBL are here to help. With accountancy advice and tax planning experts on hand to guide you and your business on the pathway to success! You can call us on 020 7580 6822, or email us on info@sblaccoutants.com or if you’d prefer you can complete our Free Online Enquiry Form and one of the team will be in touch shortly.

    Don’t hesitate to ask

    Don’t hesitate to ask section

    • This field is for validation purposes and should be left unchanged.

    By submitting my details on this form, I consent to being contacted by a member of the SBL Accountants team by email or telephone. Privacy Policy