NEWS
November 1, 2018
| STAMP DUTY AND PROPERTY TRANSACTION TAXES |
| Stamp Duty and SDRT: Stocks and marketable securities 0.5% |
| Second residential and all corporate residential properties £40,000 or more – add 3% to relevant SDLT/LBTT/LTT rate(s) |
| England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value | |||
| Residential property | % | Commercial property | % |
| Up to £125,000 | 0 | Up to £150,000 | 0 |
| £125,001 – £250,000 | 2 | £150,001 – £250,000 | 2 |
| £250,001 – £925,000 | 5 | Over £250,000 | 5 |
| £925,001 – £1,500,000 | 10 | ||
| Over £1,500,000 | 12 | ||
| First-time buyers: 0% on first £300,000 for properties up to £500,000 | |||
| Residential properties bought by companies etc. over £500,000: 15% of total consideration, subject to certain exemptions | |||
| Scotland – Land and Buildings Transaction Tax (LBTT) on slices of value | |||
| Residential property | % | Commercial property | % |
| Up to £145,000 | 0 | Up to £150,000 | 0 |
| £145,001 – £250,000 | 2 | £150,001 – £350,000 | 3 |
| £250,001 – £325,000 | 5 | Over £350,000 | 4.5 |
| £325,001 – £750,000 | 10 | ||
| Over £750,000 | 12 | ||
| First-time buyers: 0% on first £175,000 | |||
| Wales – Land Transaction Tax (LTT) on slices of value | |||
| Residential property | % | Commercial property | % |
| Up to £180,000 | 0 | Up to £150,000 | 0 |
| £180,001 – £250,000 | 3.5 | £150,001 – £250,000 | 1 |
| £250,001 – £400,000 | 5 | £250,001 – £1,000,000 | 5 |
| £400,001 – £750,000 | 7.5 | Over £1,000,000 | 6 |
| £750,001 – £1,500,000 | 10 | ||
| Over £1,500,000 | 12 | ||
PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in this document.
West London
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.
