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  •  

    Stamp Duty and Stamp Duty Land Tax

  • Go to ...
  • SDLT rates and thresholds - residential land or property
  • SDLT rates and thresholds - commercial land or property
  • SDLT on rent for new leasehold properties - residential
  • SDLT on rent for new leasehold properties - non-residential or mixed use
  • SDLT on shares and securities
  • SDLT rates for first-time buyers purchasing properties worth £500,000 or less
  • Annual tax on enveloped dwellings
  •  


    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

    1. SDLT is 15% on properties with a total value £500,000 or more if purchased by companies and certain other non-natural entities.
    2. 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.
    3. 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

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    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% - -
    £150,001 to £350,000 - 3.0% -
    Over £350,000 - 4.5% -
    £250,001 to £1,000,000 - - 5.0%
    Over £1,000,000 - - 6.0%

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    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 Zero
    The portion over £125,000 1.0%

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    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:

    SDLT on rent for new leasehold properties
    Non-residential or mixed use
    Net present value of rent SDLT Rate
    Up to £150,000 Zero
    The portion from £150,001 to £5,000,000 1.0%
    The portion over £5,000,000 2.0%

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    SDLT on shares and securities

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    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

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    Annual Tax on Enveloped Dwellings (ATED)

    1. Annual Tax on Enveloped Dwellings is an annual tax payable mainly by companies which own residential properties valued at more than £500,000.
    2. 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:
        1. Company
        2. Partnership where one of the partners is a company
        3. Collective Investment Scheme, for example, a Unit Trust or an open-ended investment vehicle
    3. There are various exemptions, review the ATED Technical Guidance
    Annual Tax on Enveloped Dwellings
    Property Value 2018-19 2017-18
    £500,000 - £1M £3,600 £3,500
    £1M - £2M £7,250 £7,050
    £2M - £5M £24,250 £23,550
    £5M - £10M £56,550 £54,950
    £10M - £20M £113,400 £110,100
    Over £20M £226,950 £220,350

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    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

     

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