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:
|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%|
|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.|
|Value up to £150,000||0%|
|Over £150,000 – £250,000||2%|
|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.