Stamp duty & land taxes
On the transfer of property in England, Scotland, Wales and Northern Ireland.
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 and Northern Ireland.
Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT).
Property transactions in Wales are subject to Land Transaction Tax (LTT).
Residential property
The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 250,000 | 0 |
| 250,001 - 925,000 | 5 |
| 925,001 - 1,500,000 | 10 |
| 1,500,001 and above | 12 |
These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired prior to 30 October 2024 and by 5% after that date.
First-time Buyer relief
First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £625,000. The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 425,000 | 0 |
| 425,001 - 625,000 | 5 |
| for purchases over 625,000 | normal rates apply |
Non-residential property
Payable on consideration which falls in each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 150,000 | 0 |
| 150,001 - 250,000 | 2 |
| Over 250,000 | 5 |
Land and Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
Residential property
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 145,000 | 0 |
| 145,001 - 250,000 | 2 |
| 250,001 - 325,000 | 5 |
| 325,001 - 750,000 | 10 |
| 750,001 and above | 12 |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased by 6% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief raises the zero rate tax threshold for first-time buyers from £145,000 to £175,000.
Non-residential property
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 150,000 | 0 |
| 150,001 - 250,000 | 1 |
| Over 250,000 | 5 |
The rates apply to the portion of the total value which falls within each band.
Land Transaction Tax
Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
Residential property
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 225,000 | 0 |
| 225,001 - 400,000 | 6 |
| 400,001 - 750,000 | 7.5 |
| 750,001 - 1,500,000 | 10 |
| 1,500,000 and above | 12 |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased where further residential properties costing over £40,000 or over are acquired.
Higher residential tax rates
Higher residential rates may apply when you already own one or more residential properties.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 180,000 | 4 |
| 180,001 - 250,000 | 7.5 |
| 250,001 - 400,000 | 9 |
| 400,001 - 750,000 | 11.5 |
| 750,001 - 1,500,000 | 14 |
| 1,500,000 and above | 16 |
The rates apply to the portion of the total value which falls within each band.
Non-residential property
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 225,000 | 0 |
| 225,001 - 250,000 | 1 |
| 250,001 - 1,000,000 | 5 |
| Over 1,000,000 | 6 |
The rates apply to the portion of the total value which falls within each band.
