Stamp taxes

Stamp duty land tax rates etc.

Call: 028 9038 2637 or Email: accountants@michaelhunterandcompany.co.uk

On the transfer of property in England and Northern Ireland, the SDLT is:

Residential Property

Consideration Rate
Value up to £125,000 0%
Over £125,000 - £250,000 2%
Over £250,000 - £925,000 5%
Over £925,000 - £1,500,000 10%
Over £1,500,000 12%

As announced in the Autumn Budget, from 22 November 2017 first-time buyers paying £300,000 or less for a residential property will pay no SDLT. First-time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000.

In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases where the net present value (NPV) of rent is more than £125,000.

The purchase of additional residential properties may result in 3% being added to each of the above rates.

Non-residential Property

Consideration Rate
Value up to £150,000 0%
Over £150,000 - £250,000 2%
Over £250,000 - £500,000 5%

In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases with an NPV of more than £150,000 and this rises to 2% on leases with an NPV greater than £5m.

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