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Stamp Duty & Stamp Duty Land Tax (SDLT)

Stamp Duty and Annual Tax on Enveloped Dwellings
Shares and securities rate 0.5%
The annual tax on Enveloped Dwellings (ATED) is payable by certain non-natural
persons that own interests in dwellings valued at more than £1 million.Stamp Duty and Stamp Duty Land Tax (SDLT)
Property in England, Wales and N. Ireland
“New rules for calculating SDLT on residential properties came
into effect from 4 December 2014”

Rate Residential Property
Zero £0 – £125,000
2% £125,001 – £250,000
5% £250,001 – £925,000
10% £925,001 – £1,500,000
12% Over £1,500,000

 

SDLT on non-residential and mixed used properties.

Rate Non-Residential Property
Zero £0 – £150,000
1% £150,001 – £250,000
3% £250,001 – £500,000
4% Over £500,000

“These rates are applied on a graduated basis with the portion
of the purchase price within each tier charged at the applicable rate.”

15% is applied to residential properties held in a ‘corporate envelope’ costing over £500,000 and purchased on or after 20 March 2014.

Scotland: Land & buildings transaction tax (SLBTT)
Property in Scotland
The SLBTT came into force on 1 April 2015 and replaced SDLT in Scotland.

Rate Residential Property
Zero £0 – £145,000
2% £145,001 – £250,000
5% £250,001 – £325,000
10% £325,001 – £750,000
12% Over £750,000

 

Non-Residential and mixed use properties.

Rate Non-Residential Property
Zero £0 – £150,000
3% £150,001 – £350,000
4.5% Over £350,000

 

These rates are applied on a graduate basis with the portion of the purchase price within each tier charged at the applicable rate.