 |
 |
 |
lifecycle
services
services
services
data
allowances
factsheets
forms
links
calendar
Stamp Duty and Stamp Duty Land Tax
The 2019-20 figures are unchanged from 2018-19.
Residential land or property SDLT / LBTT / LTT rates and thresholds
The rates apply to the portion of the total value which falls within each band.
Notes
- SDLT is 15% on properties with a total value £500,000 or more if purchased by companies and certain other non-natural entities.
- An SDLT supplement of 3% will apply from 1st April 2016 to purchases of second and subsequent residential homes, including Buy-to-Let properties and Holiday Homes, where the cost of the second home is £40,000 or more.
The Government has now confirmed that the supplement will apply to all purchases made by large investors. - When you buy a new residential leasehold property you pay SDLT on the purchase price of the lease (the lease premium) using the rates below.
If the total rent over the life of the lease (known as net present value [NPV]) is more than £125,000, you also pay SDLT of 1% on the portion over £125,000 unless you buy an existing (assigned) lease.
| SDLT rates and thresholds Residential land or property |
|||
|---|---|---|---|
| Purchase price / lease premium or transfer value | England & NI | Scotland | Wales |
| SDLT | LBLT | LTT | |
| £1 to £125,000 | Nil | Nil | Nil |
| £125,001 to £145,000 | 2.0% | Nil | Nil |
| £145,001 to £180,000 | 2.0% | 2.0% | Nil |
| £180,001 to £250,000 | 2.0% | 2.0% | 3.5% |
| £250,001 to £325,000 | 5.0% | 5.0% | 5.0% |
| £325,001 to £400,000 | 5.0% | 10.0% | 5.0% |
| £400,001 to £750,000 | 5.0% | 10.0% | 7.5% |
| £750,001 to £925,000 | 5.0% | 12.0% | 10.0% |
| £925,001 to £1,500,000 | 10.0% | 12.0% | 10.0% |
| Over £1,500,000 | 12.0% | 12.0% | 12.0% |
Key
- England & NI: SDLT – Stamp Duty Land Tax.
- Scotland: LBTT – Land and Building Transaction Tax.
- Wales: LTT – Land Transaction Tax.
Commercial property SDLT rates and thresholds
The rates apply to the portion of the total value which falls within each band.
| SDLT rates and thresholds Commercial land or property |
|||
|---|---|---|---|
| Purchase price / lease premium or transfer value | England & NI | Scotland | Wales |
| Up to £150,000 | Nil | Nil | Nil |
| The portion from £150,001 to £250,000 | 2.0% | - | 1.0% |
| The portion over £250,000 | 5.0% | - | - |
| The portion from £150,001 to £350,000 | - | 3.0% | - |
| The portion over £350,000 | - | 4.5% | - |
| The portion from £250,001 to £1,000,000 | - | - | 5.0% |
| The portion over £1,000,000 | - | - | 6.0% |
SDLT on rent for new leasehold properties - Residential
The rates apply to the portion of the total value which falls within each band.
| SDLT on rent for new leasehold properties Residential |
|
|---|---|
| Net present value of rent | SDLT Rate |
| Up to £125,000 | Nil |
| The portion over £125,000 | 1.0% |
SDLT on rent for new leasehold properties - Non-residential or mixed use
The rates apply to the portion of the total value which falls within each band.
When you buy a new non-residential mixed-use leasehold you pay SDLT on both:
- The purchase price of the lease (the lease premium) using the rates below
- The value of the annual rent you pay (the net present value [NPV]). The NPV is based on the total rent over life of the lease. You don't pay SDLT on the rent if the NPV is less than £150,000.
To calculate the SDLT on the annual rent use the table below
| SDLT on rent for new leasehold properties Non-residential or mixed use |
|
|---|---|
| Net present value of rent | SDLT Rate |
| Up to £150,000 | Nil |
| The portion from £150,001 to £5,000,000 | 1.0% |
| The portion over £5,000,000 | 2.0% |
SDLT on shares and securities
- SDLT rate on shares and securities is 0.5%
- Shares are rounded up to the nearest £5.00
- Transactions of a value £1,000 or less are exempt
- There is a higher 1.5% rate of Stamp Duty and Stamp Duty Reserve Tax (SDRT) which applies to transfers of shares to depository receipt issuers and persons providing clearance services
Stamp Duty Land Tax Rates for first-time buyers purchasing properties worth £500,000 or less
| SDLT Rates for first-time buyers | |
|---|---|
| Property Value | Rate |
| Up to £300,000 | Nil |
| £300,000 - £500,000 | 5.0% |
| £500,000 and above | Standard Rates Apply |
Annual Tax on Enveloped Dwellings (ATED)
- Annual Tax on Enveloped Dwellings is an annual tax payable mainly by companies which own residential properties valued at more than £500,000.
- You will need to complete an ATED Return if your Property:
- Is a dwelling
- Is in the UK
- Was valued at more than £500,000 (2016-17 onwards)
- Is owned completely or partially by a:
- Company
- Partnership where one of the partners is a company
- Collective Investment Scheme, for example, a Unit Trust or an open-ended investment vehicle
- There are various exemptions, review the ATED Technical Guidance
| Annual Tax on Enveloped Dwellings | ||
|---|---|---|
| Property Value | 2019-20 | 2018-19 |
| £500,000 - £1M | £3,650 | £3,600 |
| £1M - £2M | £7,400 | £7,250 |
| £2M - £5M | £24,800 | £24,250 |
| £5M - £10M | £57,900 | £56,550 |
| £10M - £20M | £116,100 | £113,400 |
| Over £20M | £232,350 | £226,950 |
Click Here 
to download the current tax year's abacus Tax Tables pdf booklet
Click Here to download the previous tax year's abacus Tax Tables pdf booklet
| copyright | privacy | terms & conditions | disclaimer | help | cookie policy |
| © abacus Franchising Company Limited | |||||