ÀÏ˾»úÎçÒ¹¸£Àû

UK1.5 UK tax rates

Commentary

UK1.5.3 UK stamp taxes rates | United Kingdom

United Kingdom

Stamp taxes are payable when property is purchased in the UK. The type of stamp tax payable depends on where in the UK the property is sited, see the categories below.

For details of the compliance requirements, see UK1.9.3.

The various revenue authorities produce online calculators that can be used to calculate the likely amount of tax due:

  1. Ìý

    •ÌýÌýÌýÌý for England and Northern Ireland, see the GOV.UK website

  2. Ìý

    •ÌýÌýÌýÌý for Scotland, see the Revenue Scotland website

  3. Ìý

    •ÌýÌýÌýÌý for Wales, see the GOV.WALES website

Stamp duty land tax—England and Northern Ireland

The rates of stamp duty land tax (SDLT) for residential property apply to consideration paid to purchase a freehold and premiums paid to acquire a leasehold (either a new or existing lease).

The rate of SDLT is applied to the amount of the chargeable consideration which falls into each band:

Purchase price/lease premium or transfer valueSDLT rate on first residential propertySDLT rate for additional residential property
ResidentNon-residentResidentNon-resident
Up to £250,0000%2%3%5%
£250,001–£925,0005%7%8%10%
£925,001–£1.5³¾10%12%13%15%
Over

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

Web page updated on 28 Aug 2024 12:12