Stamp Duty Land Tax (SDLT) on land and buildings (On full consideration paid)
| Rate||Residential Property |
|Nil||0 - 125,000||0 - 150,000|
|1%||125,001 - 250,000|| 150,001 - 250,000|
|3%||250,001 - 500,000|| 250,001 - 500,000|
|4%||500,001 - 1,000,000|| 500,001 or more|
|5%||1,000,001 - 2,000,000||N/A|
|7%||2,000,001 or more *||N/A|
* From 21 March 2012, SDLT is charged at 15 per cent on interests in residential dwellings costing more than £2 million purchased by certain non-natural persons. This broadly includes bodies corporate, for example limited companies, collective investment schemes and all partnerships with one or more members who are either a body corporate or a collective investment scheme. There are exclusions for companies acting in their capacity as trustees for a settlement and property developers who meet certain conditions.
Leases are charged at 1% where the net present value of rents exceeds £125,000 (residential) or £150,000 (non-residential)
New zero-carbon homes and flats up to £500,000 pay no stamp duty (over £500,000 normal charge less £15,000) until 1 October 2012.
Shares and securities - 0.5% rounded up to next multiple of £5 (i.e. £5 per £1000 of consideration or part thereof). No charge for consideration under £1,000.
To find out how Chapman Robinson & Moore can help your business either call 01865 379272, or click here to arrange a free Confidential Business Analysis.