Stamp Duty & Stamp Duty Land Tax (SDLT)

Stamp Duty and Annual Tax on Enveloped Dwellings
Shares and securities rate 0.5%

The annual tax on Enveloped Dwellings (ATED) is payable by certain non-natural persons that own interests in dwellings valued at more than £500,000.

Stamp Duty and Stamp Duty Land Tax (SDLT)
Property in England, Wales and N. Ireland

Rate	Residential Property
Zero	£0 – £125,000
2%	£125,001 – £250,000
5%	£250,001 – £925,000
10%	£925,001 – £1,500,000
12%	Over £1,500,000

SDLT on non-residential and mixed used properties.

Rate	Non-Residential Property
Zero	£0 – £150,000
2%	£150,001 – £250,000
5%	Over £250,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

15% is applied to residential properties held in a ‘corporate envelope’ costing over £500,000.

There is a higher rate of SDLT that applies to purchases of additional residential property such as buy to let and second homes.

The rate is 3% higher than the current SDLT rates and applies to the purchase of additional residential properties valued at £40,000 and above.

No SDLT is payable for first-time buyers in England and Northern Ireland making purchanses up to £300,000, and then 5% on the next £200,000.

Scotland: Land & buildings transaction tax (SLBTT)
Property in Scotland

Rate	Residential Property
Zero	£0 – £145,000
2%	£145,001 – £250,000
5%	£250,001 – £325,000
10%	£325,001 – £750,000
12%	Over £750,000

Non-Residential and mixed use properties.

Rate	Non-Residential Property
Zero	£0 – £150,000
3%	£150,001 – £250,000
4.5%	Over £250,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

There is a 4% (was 3% until 24 January 2019) SLBTT supplement for purchases of additional residential properties in Scotland valued at £40,000 and above.

There is a First Time Buyers Relief from SLBTT for properties under £175,000

Wales: Land Transaction Tax (WLTT)

Rate	Residential Property
Zero	£0 – £180,000
4%	£180,001 – £250,000
5%	£250,001 – £400,000
7.5%	£400,001 – £750,000
10%	£750,001 – £1,500,000
12%	Over £1,500,000

Non-Residential and mixed use properties.

Rate	Non-Residential Property
Zero	£0 – £150,000
1%	£150,001 – £250,000
5%	£250,001 – £1,000,000
6%	Over £1,000,000

These rates are applied on a graduated basis with the portion of the purchase price within each tier charged at the applicable rate.

There are currently no further measures specifically targeting first-time buyers in Wales.

There is a WLTT higher rate supplement of 3% on purchases of additional residential properties costing £40,000 or more.

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