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Stamp duty & stamp duty land tax

Stamp Duty

Stamp duty is payable on the transfer of shares in a company if the transaction is over £1,000.

Stamp duty reserve tax is payable if shares are purchased through the CREST system (e.g. through a stockbroker).

The rate in either case is 0.5% of the consideration given.

Stamp Duty Land Tax

SDLT is payable on land and property transactions in England, Wales and Northern Ireland. From 1 April 2015 property transactions in Scotland are subject to Land and Buildings Transaction Tax.

Residential property

From 4 December 2014 onwards:
The rates apply to the portion of the total value which falls within each band in respect of transactions with an effective date on or after 4 December 2014.

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
Rates to 3 December 2014:

If the residential property value is above a threshold, SDLT is charged at that rate on the whole amount of the consideration.

Consideration (£) Rate (%)
0 – 125,000 0
125,001 – 250,000 1
250,001 – 500,000 3
500,001 – 1,000,000 4
1,000,001 – 2,000,000 5
Over 2,000,000 7

Non-residential property

2015/16 (unchanged from 2014/15):

If the non-residential property value is above a threshold, SDLT is charged at that rate on the whole amount of the consideration.

Consideration (£) Rate (%)
0 – 150,000 0
150,001 – 250,000 1
250,001 – 500,000 3
Over 500,000 4

Professional Consultation

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