Property Transaction Taxes

Stamp Duty and SDRT:stocks and marketable securities 0.5%
Second residential properties over £40,000 – add 3% to relevant SDLT/LBTT/LTT rate

 

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 – £350,000 3
£250,001 – £325,000 5 Over £350,000 4.5
£325,001 – £750,000 10    
Over £750,000 12    
First-time buyers: 0% on first £175,000: max relief £600 from 06/18 (TBC)

 

Wales – Land Transaction Tax (LTT) on slices of value (from 1/4/18)
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    
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