+44 (0)1243 781234
Stamp duty land tax rates etc.
On the transfer of property in England, Wales and Northern Ireland, the SDLT is:
As announced in the Autumn Budget, from 22 November 2017 first-time buyers paying £300,000 or less for a residential property will pay no SDLT. First-time buyers paying between £300,000 and £500,000 will pay SDLT at 5% on the amount of the purchase price in excess of £300,000.
In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases where the net present value (NPV) of rent is more than £125,000.
The purchase of additional residential properties may result in 3% being added to each of the above rates.
In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases with an NPV of more than £150,000 and this rises to 2% on leases with an NPV greater than £5m.
06 Apr 2017
Income tax rates, personal allowances, trusts etc.
Why not register to receive our Monthly Newswire? Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up today »