Stamp Taxes
On the transfer of property in England, Wales and Northern Ireland, the Stamp Duty Land Tax is:
Residential property
| | Sole | Additional | | Value up to £40,000 | 0% | 0% | | Over £40,000 - £125,000 | 0% | 3% | | Over £125,000 - £250,000 | 2% | 5% | | Over £250,000 - £925,000 | 5% | 8% | | Over £925,000 - £1,500,000 | 10% | 13% | | Over £1,500,000 | 12% | 15% | | Residential SDLT calculated on the consideration falling within each band. Additional SDLT of 3% may apply to the purchase of additional residential properties from 1 April 2016. | |
Non-residential property
| Value up to £150,000 | 0% | | Over £150,000 - £250,000 | 2% | | Over £250,000 - £500,000 | 5% | | From 17 March 2016 the calculation of SDLT on purchase of non-residential property was changed from the whole transaction value to the same basis as residential (consideration falling within each band). | |
SDLT rates for leasehold rent transactions have also changed, with a new 2% rate on leases with a net present value (NPV) over £5 million.
