Stamp duty land tax and stamp duty rates and thresholds
Stamp duty land tax
Stamp duty land tax for residential property
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Purchase price, lease premium or transfer value
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SDLT rate (except first-time buyers)
|
SDLT rate – first time buyers only
|
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Up to £125,000
|
Zero
|
Zero
|
|
Over £125,000 up to £250,0001
|
1%
|
Zero
|
|
Over £250,000 up to £500,000
|
3%
|
3%
|
|
Over £500,000 up to £1 million
|
4%
|
4%
|
|
Over £1 million2 |
5% |
5% |
SDLT land tax – properties in a disadvantaged area
|
Purchase price, lease premium or transfer value
|
SDLT rate (except first-time buyers)
|
SDLT rate – first time buyers only
|
|
Up to £150,000
|
Zero
|
Zero
|
|
Over £150,000 up to £250,0001
|
1%
|
25/03/20101 to 24/03/2012 -- zero
From 25/03/2012: 1%
|
|
Over £250,000 up to £500,000
|
3%
|
3%
|
|
Over £500,000 up to £1,000,000
|
4%
|
4%
|
|
Over £1,000,0002 |
5% |
5% |
Notes
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The stamp duty threshold for first time buyers of £250,000 applies where completion takes place on or after 25 March 2010 and before 25 March 2012.
-
From 6 April 2011, the rate applying where consideration is more than £1,000,000 is 5%. Previously the 4% rate for properties over £500,000 applied.
Stamp duty land tax – non-residential or missed use properties
|
Purchase price, lease premium or transfer value
|
SDLT rate
|
|
Up to £150,000 (annual rent less than £1,000)
|
Zero
|
|
Up to £150,000 (annual rent £1,000 or more)
|
1%
|
|
Over £150,000 up to £250,000
|
1%
|
|
Over £250,000 up to £500,000
|
3%
|
|
Over £500,000
|
4%
|
SDLT on rent
Where a high rent is charged for a new lease, SDLT is payable on both the lease premium (at the above rates) and the net present value of the rent payable. The total of these two amounts represents the total SDLT payable.
A calculator is available on the HMRC website to determine the net present value (see www.hmrc.gov.uk/sdlt/calculate/calculators.htm).
SDLT on rent -- new leasehold residential properties
|
NPV of rent
|
SDLT rate
|
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£0 to £125,000
|
Zero
|
|
Over £125,000
|
1% of the excess over £125,000
|
SDLT on rent – new non-residential or mixed use leasehold properties
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NPV of rent
|
SDLT rate
|
|
£0 to £150,000
|
Zero
|
|
Over £150,000
|
1% of the excess over £150,000
|
stamp duty
Stamp duty on stocks and shares
Stamp duty is payable transfers of stocks at shares valued at £1,000 or more. Where stamp duty is payable, the amount is a percentage of the consideration. The relevant percentage is shown in the table below.
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Consideration
|
Rate |
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Less than £1,000
|
Nil |
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£1,000 or more
|
5% |