Resources
Provided useful resources access to HMRC and company forms.
Stamp taxes
On the transfer of property in England and Northern Ireland, the SDLT is:
Residential Property
| Consideration | Rate |
|---|---|
| Value up to £125,000 | 0% |
| Over £125,000 - £250,000 | 2% |
| Over £250,000 - £925,000 | 5% |
| Over £925,000 - £1,500,000 | 10% |
| Over £1,500,000 | 12% |
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.
Non-residential Property
| Consideration | Rate |
|---|---|
| Value up to £150,000 | 0% |
| Over £150,000 - £250,000 | 2% |
| Over £250,000 - £500,000 | 5% |
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.
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