Stamp Taxes rates
The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is unchanged at 0.5 per cent for 2007-08.
Stamp Duty Land Tax rates from 23/03/06
Please note that the applicable rate of Stamp Duty Land Tax must be applied to the whole of the consideration paid to acquire the land / buildings.
Land transactions with an effective date on or after 23 March 2006
Rate |
Land in disadvantaged areas - residential |
Land in disadvantaged areas - non-residential |
All other land in the UK - residential |
All other land in the UK - non-residential |
|---|---|---|---|---|
Zero |
£0 - £150,000 |
£0 - £150,000 |
£0 - £125,000 |
£0 - £150,000 |
1% |
Over £150,000 |
Over £150,000 |
Over £125,000 |
Over £150,000 |
3% |
Over £250,000 |
Over £250,000 |
Over £250,000 |
Over £250,000 |
4% |
Over £500,000 |
Over £500,000 |
Over £500,000 |
Over £500,000 |
N.B. Disadvantaged Area Relief for non-residential land transactions is not available for non-residential land transactions with an effective date on or after 17 March 2005.
However the relief is preserved for:
- the completion of contracts entered into and substantially performed on or before 16 March 2005
- the completion or substantial performance of other contracts entered into on or before 16 March 2005, provided that there is no variation or assignment of the contract or sub-sale of the property after 16 March 2005 and that the transaction is not in consequence of the exercise after 16 March 2005 of an option or right of pre-emption.
New leases (lease duty)
Rate |
Net present value of rent - residential |
Net present value of rent - non-residential |
|---|---|---|
Zero |
£0 - £125,000 |
£0 - £150,000 |
1% |
Over £125,000 |
Over £150,000 |
Please note that when calculating duty payable on the 'NPV' (Net Present Value) of leases, you must reduce your 'NPV' calculation by the following before applying the 1 per cent rate.
Residential - £125,000
Non-residential - £150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium on non-residential properties where rent exceeds £1,000 annually).
