2016/17 Stamp Duty Land Tax
On the transfer of property*, the Stamp Duty Land Tax is:
Stamp duty is generally payable at a rate of 0.5% on transfers of shares and securities. On the transfer of property, the stamp duty land tax is:
|Value up to £125,000**||0%||0%|
|Over £125,000** to £250,000||2%||2%|
|Over £250,000 to £925,000||5%||5%|
|Over £925,000*** to £1,500,000***||10%||5%|
Residential SDLT calculated on the consideration falling within each band. Additional SDLT of 3% may apply to the purchase of additional residential properties from 1st April 2016. Non-Residential SDLT is charges at a single rate depending on the total purchase price.
**Residential Property Only
***From 1st April 2015 the Land and Buildings Transaction Tax replaces SDLT in Scotland. Contact us for advice.