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Stamp Taxes

The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5 per cent.

Stamp Duty Land Tax 

Stamp Duty Land Tax (SDLT)2014/152013/14
0% residential£0 – £125,000£0 – £125,000
1% residential£125,001 – £250,000£125,001 – £250,000
3% residential£250,001 – £500,000£250,001 – £500,000
4% residential£500,001 – £1,000,000£500,001 – £1,000,000
5% residential£1,000,001 – £2,000,000£1,000,001 – £2,000,000
7% residentialover £2,000,000over £2,000,000
15% non-residentialover £2,000,000over £2,000,000
0% non-residential£0 – £150,000£0 – £150,000
1% non-residential£150,001 – £250,000£150,001 – £250,000
3% non-residential£250,001 – £500,000250,001 – £500,000
4% non-residentialover £500,000over £500,000
From 20 March 2014 residential property purchased by non-natural persons for consideration exceeding £500,000 will be subject to SDLT at 15%
Annual Tax on Enveloped Dwellings (ATED)
Property value less than £2,000,000£0£0
Property value between £2,000,000 – £5,000,000£15,400 £15,000
Property value between £5,000,000 – £10,000,000

£35,900

£35,000
Property value between £10,000,000 – £20,000,000 

£71,850

£70,000

Property value more than £20,000,000

£143,750

£140,000

Stamp duty and stamp duty reserve tax  
Standard rate

0.50%

0.50%

Higher rate

1.50%

1.50%

New Leases

Duty is charged according to the net present value of all the rental payments over the term of the lease (NPV), with a single rate of 1% on residential NPV’s over £125,000 and on non-residential NPV’s over £150,000.

VAT is excluded from treatment as consideration provided the landlord has not opted to charge VAT by the time the lease is granted.

Lease premiums

Duty on premiums is the same as for transfers of land (except that the zero rate does not apply where rent of over £600 annually is also payable).