Stamp Duty
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 | ||
| Rate | Residential | Non-residential |
| 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 |
| 5% | £1,000,000+to £2,000,000 | |
| 7% | Over £2,000,000 | |
| 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 | ||
| Rate | Residential | Non-residential |
| Zero | £0 to 125,000 | £0 to £150,000 |
|---|---|---|
| 1% | £125,000+ | £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).
Stamp Tax
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).
