Stamp Taxes
The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5%.
Stamp Duty Land Tax (SDLT)
On the transfer of property in England, Wales and Northern Ireland, the SDLT is:
| Residential Property | ||
|---|---|---|
| Sole | Additional | |
| Value up to £40,000 | 0% | 0% |
| Over £40,000 to £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 | |
|---|---|
| Value up to £150,000 | 0% |
| Over £150,000 – £250,000 | 2% |
| Over £250,000 | 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.