Policy paper

Stamp Duty Land Tax: reform of charging provisions for non-residential property

This legislation changes the rules for calculating the Stamp Duty Land Tax (SDLT) charged on purchases of non-residential properties and transactions involving a mixture of residential and non-residential properties and is effective on and after 17 March 2016.

From:
HM Revenue & Customs
Published
16 March 2016

Documents

Tax information and impact note on Stamp Duty Land Tax: reform of charging provisions for non-residential property

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Draft legislation

PDF, 55 KB, 3 pages

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Explanatory note

PDF, 129 KB, 2 pages

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Details

On and after 17 March 2016, SDLT will be charged at each rate on the portion of the purchase price of a freehold which falls within each rate band and a new 2% rate for rent paid under a non-residential lease will be introduced where the net present value of the rent is above £5 million.

Stamp Duty Land Tax: reform of structure, rates and thresholds for non-residential land transactions
Guidance on the changes that are being made and how they will affect non-residential property transactions from 17 March 2016.

Published 16 March 2016

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