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This publication is available at https://www.gov.uk/government/publications/rates-and-allowances-stamp-duty-land-tax/stamp-duty-land-tax-rates-12-march-2008-to-2-september-2008
Stamp Duty Land Tax (SDLT) rate is charged on the whole amount of the consideration.
Stamp Duty Land Tax rates and thresholds for residential properties
|Land in disadvantaged areas - residential||Land in disadvantaged areas - non-residential||All other land in the UK - residential||All other land in the UK - non-residential||Rate|
|Up to £150,000||Up to £150,000||Up to £125,000||Up to £150,000||Zero|
|Over £150,000 to £250,000||Over £150,000 to £250,000||Over £125,000 to £250,000||Over £150,000 to £250,000||1%|
|Over £250,000 to £500,000||Over £250,000 to £500,000||Over £250,000 to £500,000||Over £250,000 to £500,000||3%|
|Over £500,000||Over £500,000||Over £500,000||Over £500,000||4%|
Properties bought in a disadvantaged area
Disadvantaged Area Relief for non-residential land transactions isn’t available for non-residential land transactions with an effective date on or after 17 March 2005.
However the relief is preserved for the completion of:
- contracts entered into and substantially performed on or before 16 March 2005
- substantial performance of other contracts entered into on or before 16 March 2005, provided that:
- there is no variation or assignment of the contract or sub-sale of the property after 16 March 2005
- the transaction isn’t in consequence of the exercise after 16 March 2005 of an option or right of pre-emption
Where the relief is preserved, the rates for residential and non-residential land is the same.
All claims to this relief must be made on or before 5 May 2014.
Duty on rent
|Net present value of rent - residential||Net present value of rent - non-residential||Rate|
|Up to £125,000||Up to £150,000||Zero|
|Over £125,000||Over £150,000||1%|
When calculating duty payable on the net present value (NPV) of leases, you must reduce your NPV calculation by the following before applying the 1% rate:
- residential - £125,000
- non-residential - £150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium on non-residential properties where rent exceeds £1,000 annually).