Stamp duties and property transaction taxes

Stamp Duty Land Tax (SDLT) is charged on land and property transactions in the UK. The tax is charged at different rates and has different thresholds for different types of property and different values of transaction.
The tax rate and payment threshold can vary according to whether the property is in residential or non-residential use, and whether it is a freehold or leasehold. SDLT relief is available for certain kinds of property or transaction.
This guide provides an overview of the SDLT rates and provides links to related guidance where necessary.

SDLT rates for residential property
The table below applies for all freehold residential purchases and transfers and the premium paid for a new lease or the assignment of an existing lease. (If the property will be used for both residential and non-residential purposes the rates differ - please see the section 'SDLT for non-residential or mixed use property').

New leases
If the transaction involves the purchase of a new lease with a substantial rent there may be an additional SDLT charge to that shown below, based on the rent. See the next section and further table 'SDLT on rent for new leasehold properties (residential)' for more detail.

Stamp duty – shares and securities

Stamp duty reserve tax

Stamp duty & stamp duty reserve tax were abolished from 28 April 2014 on recognised growth markets, including AIM & ISDX.

England & Wales: Stamp duty land tax

Non-residential land and buildings (a)(c) - rate applied to full consideration

£0-£150,000
£150,001-£250,000            (£150,001-£250,000)
£250,001-£500,000            (£250,001-£500,000)
Over £500,000                    (over £500,000)


Residential land and buildings (a)(b)(c) - rates applied cumulatively
£0-£125,000                        (£0-£125,000) 
£125,001-£250,000            (£125,001-£250,000) 
£250,001-£925,000            (£250,001-£500,000)
£925,001-£1,500,000         (£500,001-£1,000,000)
-                                          (£1,000,001-£2,000,000) 
Over £1,500,000                (Over £2,000,000) 

Scotland: Land & buildings transaction tax

Non-residential land and buildings (a)(c) - rates applied cumulatively
£0-£150,000
£150,001-£350,000
Over £350,000

Residential land and buildings (a)(c) - rates applied cumulatively
£0-£145,000
£145,001-£250,000
£250,001-£325,000
£325,001-£750,000
Over £750,000 

From 1.4.15        From 1.1.14
0.5%                     (0.5%)

0.5%/1.5%            (0.5%/1.5%)



 

2015/16            2014/15



0%                   (0%)
1%                   (1%)
3%                   (3%)
4%                   (4%)



0%                   (0%)
2%                   (1%)
5%                   (3%)
10%                  (4%)
 -                       (5%)
12%                  (7%)

2015/16


0%
3%
4.5%


0%
2%
5%
10%
12%

(a)            All figures are calculated inclusive of any VAT. For leases, the rate is based on the discounted rental values.
(b)            Rates are applied cumulatively from 4 December 2014 in England & Wales. Previously rates were applied to the full consideration.
(c)            Where residential property over £500,000 (£2m until 19 March 2014) is purchased by a company (or similar entity) a 15% rate applies.

Annual tax on enveloped dwellings

An annual tax on enveloped dwellings is payable by a company (or similar entity) owning a residential property with a value ≥ £1m (≥ £2m) on 1 April 2012 (or date of later acquisition). Tax is charged in bands, from a minimum of £7,000 (£15,400) to a maximum of £218,200 (£143,750).    

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