Property Transaction Taxes
Stamp Duty and SDRT: stocks and marketable securities | 0.5% |
Second residential and all corporate residential properties £40,000 or more – add 3% to SDLT/LTT rate(s) and 4% on LBTT rate(s) |
England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value | |||
Residential property | % | Commercial property | % |
Up to £125,000 | 0 | Up to £150,000 | 0 |
£125,001 - £250,000 | 2 | £150,001 – £250,000 | 2 |
£250,001 – £925,000 | 5 | Over £250,001 | 5 |
£925,001 – £1,500,000 | 10 | ||
Over £1,500,000 | 12 | ||
First-time buyers: 0% on first £300,000 for properties up to £500,000 | |||
Residential properties bought by companies etc over £500,000 – 15% of total consideration |
Scotland – Land and Buildings Transaction Tax (LBTT) on slices of value | |||
Residential property | % | Commercial property | % |
Up to £145,000 | 0 | Up to £150,000 | 0 |
£145,001 – £250,000 | 2 | £150,001 – £250,000 | 1 |
£250,001 – £325,000 | 5 | Over £250,000 | 5 |
£325,001 – £750,000 | 10 | ||
Over £750,000 | 12 | ||
First-time buyers: 0% on first £175,000 |
Wales – Land Transaction Tax (LTT) on slices of value | |||
Residential property | % | Commercial property | % |
Up to £180,000 | 0 | Up to £150,000 | 0 |
£180,001 – £250,000 | 3.5 | £150,001 – £250,000 | 1 |
£250,001 – £400,000 | 5 | £250,001 – £1,000,000 | 5 |
£400,001 – £750,000 | 7.5 | Over £1,000,000 | 6 |
£750,001 – £1,500,000 | 10 | ||
Over £1,500,000 | 12 |