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SDLT is payable in England & NI. It applies to transactions in Wales up to 4 April 2018, from which date the Welsh LTT applies. In Scotland, the LBTT replaced SDLT from April 2015.
|Residential property||SDLT rate|
|Up to £125,000||Zero|
|The next £125,000 (the portion from £125,001 to £250,000)||2%|
|The next £675,000 (the portion from £250,001 to £925,000)||5%|
|The next £575,000 (the portion from £925,001 to £1.5 million)||10%|
|The remaining amount (the portion above £1.5 million)||12%|
Higher rates for additional properties - From 1 April 2016, you’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.
|Rates for first time buyers (for properties worth £500,000 or less)|
|Property value||After 22 November 2017 - on the portion of value above the threshold|
|£500,000+||Standard rates above apply|
|Non-residential property from 17 March 2016 - on consideration falling in each band||SDLT rate|
|Up to £150,000||Zero|
|£150,001 to £250,000||2%|
Tax when you buy shares - Shares bought through the CREST system - Stamp Duty at 0.5%. Shares purchased using a stock transfer form - Stamp Duty if the transaction is over £1000 at 0.5%.
Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660
Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414
Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants auditregister.org.uk 8011438
61 Friar Gate Derby DE1 1DJ