Stamp Duty
The following rates apply for 2010/11.
Stamp Duty Land Tax
The applicable rate of Stamp Duty Land Tax must be applied to the whole of the consideration paid to acquire the land / buildings.
| Land and Buildings in the UK | ||
| Rate | Residential | Non-residential |
| Zero | £0 to £125,000 | £0 to £150,000 |
| 1% | £125,000+ to £250,000* | £150,000+ to £250,000 |
| 3% | £250,000+ to £500,000 | £250,000+ to £500,000 |
| 4% | Over £500,000 | Over £500,000 |
There is zero SDLT payable on residential purchases up to £250,000 from on or after 25 March 2010 to before 25 March 2012 where the purchaser or all purchasers are first time buyers and intend to occupy the property as their main home.
From 6 April 2011 a new higher rate of 5% will apply to purchases of residential property over £1million.
For disadvantaged areas, sales of land and buildings up to £150,000 are exempt.
Zero Carbon Homes
From 1 October 2007 until 30 September 2012 all new zero carbon homes and flats costing up to £500,000 are exempt from stamp duty land tax. Homes and flats above this will have the first £500,000 exempt. This only applies to new homes which have SDLT on the first sale.
New leases (lease duty)
Duty on rent
| Net present value of rent | ||
| Rate | Residential | Non-residential |
| Zero | £0 to 125,000 | £0 to £150,000 |
| 1% | £125,000+ | £150,000+ |
Please note that when calculating duty payable on the 'NPV' (Net Present Value) of leases, you must reduce your 'NPV' calculation by the following before applying the 1% rate.
- Residential - £125,000
- Non-Residential - £150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium on non-residential properties where the rent exceeds £1,000 annually).
Stamp Tax
The rate of stamp duty / stamp duty reserve tax for the transfer of shares and securities is 0.5%. Where the consideration is £1,000 or less on the transfer of shares, they will be exempt from stamp duty.
