Tax Rates & Allowances - Stamp Duty & Stamp Duty Land Tax
This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.
Stamp Duty and Stamp Duty Land Tax
| Rates on sales |
% of Total Consideration |
| Shares and marketable securities (nil if value up to £1,000) |
0.5% |
| Land |
0 - threshold |
NIL |
| |
Threshold - £250,000 |
1% |
| |
£250,001 - £500,000 |
3% |
| |
£500,001 and over (all properties) |
4% |
| |
Over £1M (residential from 6.4.2011) |
5% |
| The threshold is: |
| |
£125,000 |
general residential property |
| |
£150,000 |
residential in "disadvantaged areas" |
| |
£150,000 |
commercial property |
| |
| For the two years to 24.3.2012, first time buyers can claim relief from SDLT on purchases of up to £250,000 for property they intend to live in. |
|
