Policy paper

Draft legislation: Stamp Duty Land Tax - reform of structure, rates and threshold

This draft legislation is about reforming the structure, rates and thresholds for Stamp Duty Land Tax (SDLT).

Documents

Draft legislation: Stamp Duty Land Tax - reform of structure, rates and threshold

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Details

At Autumn Statement the government announced a major reform to SDLT on residential property transactions. From 4 December, each new SDLT rate will only be payable on the portion of the property value which falls within each band (rather than tax being due at one rate on the entire value).

The government also set out new rates and rate bands for these transactions. This reform makes SDLT more efficient and fairer, and ensures that SDLT will be cut for 98% of people who pay it.

A Tax Information and Impact Note for this measure has been published at Stamp Duty Land Tax: reform of structure, rates and threshold.

A guidance note providing further details of the changes that are being made and how they will affect purchases from 4 December 2014 has been published at Stamp Duty Land Tax: reform of structure, rates and thresholds.

SDLT calculator can be used for residential property or non-residential property.

This calculator works out the SDLT you’ll have to pay for residential purchases (including lease premium) using new rules effective from 4 December 2014. It also shows how much SDLT is due under the previous rules and for non-residential purchases.

Published 3 December 2014