Stamp duty rates
The following stamp duty rates apply from 1 December 2003. No stamp duty is payable when selling a property or shares. Stamp duty rates are applied to the full amount: it is not charged in bands like income tax..
Transfers of land and buildings (consideration paid)
| Rate | Residential in disadvantaged areas | Residential outside disadvantaged areas | Non-residential |
|---|---|---|---|
| Total value of consideration | zero | £0 - £150,000 | £0 - £125,000 | £0 - £150,000 |
| 1% | over £150,000 - £250,000 | over £125,000 - £250,000 | over £150,000 - £250,000 |
| 3% | over £250,000 - £500,000 | over £250,000 - £500,000 | over £250,000 - £500,000 |
| 4% | over £500,000 | over £500,000 | over £500,000 |
New leases (lease duty)
Duty on the premium is the same as for transfers of land (except that special rules apply for premium where rent exceeds £600 annually). Duty on the rent is charged on the Net Present Value (NPV). A per cent rate applies to the amount of NPV in excess of the threshold.
| Rate | Net Present Value of rent | |
|---|---|---|
| Residential | Non-residential | |
| Slice of NPV | ||
| Zero | £0 - £125,000 | £0 - £150,000 |
| 1% | over £125,000 | over £150,000 |
Transfer of shares and securities
The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is 0.5%.
This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
