Stamp Duty and Stamp Duty Land Tax
|
Rates on sales
|
% of Total Consideration |
|
|---|---|---|
|
Shares and marketable securities (nil if value up to £1,000) |
0.5% |
|
|
Land |
£0 - threshold |
NIL |
|
|
Threshold - £250,000 |
1% |
|
|
£250,001 - £500,000 |
3% |
|
|
£500,001 and over (all properties) |
4% |
|
|
£1,000,001 - £2,000,000 (residential) |
5% |
|
|
Over £2m (residential - 15% in some cases) |
7% |
|
The threshold is: |
|
|
|
|
£125,000 |
general residential property |
|
|
£150,000 |
commercial property |
