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HMRC internal manual

Stamp Duty Land Tax Manual

Application: Amount of tax chargeable FA03/S55

This section sets out the rates at which Stamp Duty Land Tax (SDLT) will be charged on the chargeable consideration for a transaction.

Where a consideration exceeds a rate threshold, the higher rate applies to the total consideration not just the amount exceeding the threshold. This is often called the slab system.

Generally, the tax payable will be a percentage of the chargeable consideration for the transaction but the rates are different for residential property (see SDLTM00365) and non-residential property (see SDLTM00360).

In the case of a transaction for which the whole or part of the chargeable consideration is rent the provisions of FA03/S56 and FA03/SCH5 apply.