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Stamp duty & stamp duty land tax
The current percentages of stamp duty and stamp duty land tax.
Stamp Duty
When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. If you buy shares electronically Stamp Duty Reserve Tax (SDRT) is payable. For shares purchased using a stock transfer form, you will pay Stamp Duty if the transaction is over £1,000.
Stamp Duty Land Tax
SDLT is payable on land and property transactions in England, Wales and Northern Ireland.
Property transactions in Scotland are subject to Land and Buildings Transaction Tax.
From April 2018, Land Transaction Tax (LTT) will replace SDLT in Wales.
Residential property
The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 – 125,000 | 0 |
| 125,001 – 250,000 | 2 |
| 250,001 – 925,000 | 5 |
| 925,001 – 1,500,000 | 10 |
| 1,500,001 and above | 12 |
From April 2016 these rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
Residential property – first time buyers
| Consideration (£) | Rate (%) |
|---|---|
| 0 – 300,000 | 0 |
| 300,001 – 500,000 | 5 |
| Over 500,000 | Standard rates apply |
Rate (on portion of value above threshold) on or after 22 November 2017 if purchase qualifies for first time buyer relief.
Non-residential property
The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 – 150,000 | 0 |
| 150,001 – 250,000 | 2 |
| Over 250,000 | 5 |