SDLTM30010 - Application

Amount of tax chargeable FA03/S55

This section sets out the rates at which stamp duty land tax will be charged on the chargeable consideration for a transaction.

Where a consideration exceeds a rate threshold, the higher rate applies to the total consideration not just the amount exceeding the threshold. This is often called the slab system.

Generally, the tax payable will be a percentage of the chargeable consideration for the transaction but the rates are different for residential property and non-residential property.

The rates of tax are set out in the Introduction at SDLTM00050.

In the case of a transaction for which the whole or part of the chargeable consideration is rent the provisions of FA03/S56 and FA03/SCH5 apply.