NEWS

Stamp Duties and Property Transaction Taxes

November 1, 2021


Stamp Duties and Property Transaction Taxes



NEWS

Stamp Duties and Property Transaction Taxes


Stamp Duty and SDRT: Stocks and marketable securities                                         0.5%

Additional residential and all corporate residential properties
£40,000 or more – add 3% to SDLT rates and 4% to LBTT and LTT rates

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

*0% for freeport qualifying property in England only

First time buyers: 0% on first £300,000 for properties up to £500,000

Non-resident purchasers: 2% surcharge on properties £40,000 or more

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–£250,000

1

£250,001–£325,000

5

Over £250,000

5

£325,001–£750,000

10

Over £750,000

12

First time buyers: 0% on the first £175,000

*To be confirmed in the Scottish Budget

Wales – Land Transaction Tax (LTT) on slices of value*

Residential property

%

Commercial property

%

Up to £180,000

0

Up to £225,000

0

£180,001–£250,000

3.5

£225,001–£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

* To be confirmed in the Welsh Budget

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