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%

Notes

  • Second properties over £40,000 – add 3% to SDLT/LBTT
  • UK properties bought by companies etc over £500,000 – 15% on total
  • Stamp Duty & SDRT: Stocks and marketable securities 0.5%, no charge to stamp duty unless the duty exceeds £5

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+
  • 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.