The following rates apply for 2013/14.
Stamp Duty Land Tax
The applicable rate of Stamp Duty Land Tax must be applied to the whole of the consideration paid to acquire the land / buildings.
|Land and Buildings in the UK|
|Zero||£0 to £125,000||£0 to £150,000|
|1%||£125,000+ to £250,000*||£150,000+ to £250,000|
|3%||£250,000+ to £500,000||£250,000+ to £500,000|
|4%||£500,000+ to £1,000,000||Over £500,000|
|15%||Over £2,000,000 bought through a company|
For disadvantaged areas, sales of land and buildings up to £150,000 are exempt.
New leases (lease duty)
Duty on rent
|Net present value of rent|
|Zero||£0 to 125,000||£0 to £150,000|
Please note that when calculating duty payable on the 'NPV' (Net Present Value) of leases, you must reduce your 'NPV' calculation by the following before applying the 1% rate.
Residential - £125,000
Non-Residential - £150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium on non-residential properties where the rent exceeds £1,000 annually).
The rate of stamp duty / stamp duty reserve tax for the transfer of shares and securities is 0.5%. Where the consideration is £1,000 or less on the transfer of shares, they will be exempt from stamp duty.
See our helpsheet a guide to stamp duty land tax (SDLT).