Stamp Duty and Annual Tax on Enveloped Dwellings
Shares and securities rate 0.5%
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.
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 – £350,000 |
| 4.5% |
Over £350,000 |
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.
Disclaimer
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