Property Transaction Taxes
Property transaction taxes use different rates and names depending on where in the UK a purchase takes place.
Stamp Duty and SDRT: stocks and marketable securities |
0.5% |
Second residential and all corporate residential properties £40,000 or more - add 3% to relevant SDLT/LTT rate(s) and 4% to LBTT rate(s) |
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England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value |
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Residential property |
% |
Commercial property |
% |
Up to £125,000 |
0 |
Up to £150,000 |
0 |
£125,001 - £250,000 |
2 |
£150,001 - £250,000 |
2 |
£250,001 - £925,000 |
5 |
Over £250,000 |
5 |
£925,001 - £1,500,000 |
10 |
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Over £1,500,000 |
12 |
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First-time buyers: 0% on first £300,000 for properties up to £500,000 |
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Residential properties bought by companies etc over £500,000 – 15% of total consideration, subject to certain exemptions |
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Scotland - Land and Buildings Transaction Tax (LBTT) on slices of value |
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Residential property |
% |
Commercial property |
% |
Up to £145,000 |
0 |
Up to £150,000 |
0 |
£145,001 - £250,000 |
2 |
£150,001 - £250,000 |
1 |
£250,001 - £325,000 |
5 |
Over £250,000 |
5 |
£325,001 - £750,000 |
10 |
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Over £750,000 |
12 |
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First-time buyers: 0% on first £175,000 |
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Wales - Land Transaction Tax (LTT) on slices of value (from 1/4/18) |
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Residential property |
% |
Commercial property |
% |
Up to £180,000 |
0 |
Up to £150,000 |
0 |
£180,001 - £250,000 |
3.5 |
£150,001 - £250,000 |
1 |
£250,001 - £400,000 |
5 |
£250,001 - £1,000,000 |
5 |
£400,001 - £750,000 |
7.5 |
Over £1,000,000 |
6 |
£750,001 - £1,500,000 |
10 |
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Over £1,500,000 |
12 |
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