Policy paper

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

This Tax Information and Impact Note is about reforming the structure, rates and thresholds for Stamp Duty Land Tax (SDLT).

Document

Details

This measure changes the rules for calculating the SDLT charged on purchases of residential properties. At present SDLT is charged at a single percentage of the price paid for the property, depending on the rate band within which the purchase price falls.

From 4 December 2014, SDLT will be charged at each rate on the portion of the purchase price which falls within each rate band.

A draft legislation for this measure has been published at Draft legislation: Stamp Duty Land Tax - reform of structure, rates and threshold.

Published 3 December 2014