Stamp Taxes
Stamp Duty | 0.5% on agreements to transfer shares. | |||
Stamp Duty Reserve Tax | 1.5% on shares transferred to depositary receipt schemes. | |||
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Stamp Duty Land Tax
Rate | Rate bands for purchases | ||||
Residential | Non-Residential | ||||
0% | £0 – 125,000 | £0 – 150,000 | |||
2% | £125,001 – 250,000 | £150,000 – 250,000 | |||
5% | £250,001 – 925,000 | £250,000 + | |||
10% | £925,001 – 1,500,000 | ||||
12% | Over £1,500,000 | ||||
Stamp duty paid at the relevant rate for each band. | |||||
Additional 3% charged on purchase of additional residential property. | |||||
Companies pay 15% on purchases of residential property values at over £500,000. | |||||
No stamp duty on first £300,000 for first time buyers if total property value under £500,000. | |||||
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Leases
Rate | Net present value of rent | |
Residential | Non-Residential | |
0% | Up to £125,000 | £0 – 150,000 |
1% | Excess over £125,000 | £150,001 – 5,000,000 |
2% | 5,000,001 + |
Annual Tax on Enveloped Dwellings (ATED)
Valuation of property | Charges for year ending 31/3/20 £ |
Charges for year ending 31/3/19 £ |
£500,000 to £1,000,000 | 3,650 | 3,600 |
£1,000,001 to £2,000,000 | 7,400 | 7,250 |
£2,000,001 to £5,000,000 | 24,800 | 24,250 |
£5,000,001 to £10,000,000 | 57,900 | 56,550 |
£10,000,001 to £20,000,000 | 116,100 | 113,400 |
Over £20,000,000 | 232,350 | 226,950 |