• SDLT is payable on land and property transactions in England, Wales and Northern Ireland.

• Property transactions in Scotland are subject to Land and Buildings Transaction Tax.

• From April 2018, Land Transaction Tax (LTT) will replace SDLT in Wales.

Residential property

The rates apply to the portion of the total value which falls within each band.

Consideration (£)
 Rate
 0 - 125,000
 0%
 125,001 - 250,000
 2%
 250,001 - 925,000
 5%
 925,001 - 1,500,000
 10%
 1,500,001 and above
 12%

From April 2016 these rates may be increased by 3% where further residential properties, costing over £400,000 are acquired.

Non-residential SDLT rates

Consideration (£)       
 Rate
 0 - 150,000
 0%
 150,001 - 250,000
 2%
 Over 250,000
 5%

Payable on consideration which falls in each band.

When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. If you buy shares electronically Stamp Duty Reserve Tax (SDRT) is payable. For shares purchased using a stock transfer form, you will pay Stamp Duty if the transaction is over £1,000.

Disclaimer

This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.