Stamp Duty Land Tax Rates From 23/03/06 to 11/03/08

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 until 11 March 2008.

Transfers of land and buildings (consideration paid)
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 - £250,000	Over £150,000 - £250,000	Over £125,000 - £250,000	Over £150,000 - £250,000
3%	Over £250,000 - £500,000	Over £250,000 - £500,000	Over £250,000 - £500,000	Over £250,000 - £500,000
4%	Over £500,000	Over £500,000	Over £500,000	Over £500,000

NB 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)

Duty on rent
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 where the annual rent is £600 or more).