Property Transaction Taxes

Property transaction taxes use different rates and names depending on where in the UK a purchase takes place.

Stamp Duty and SDRT: stocks and marketable securities

0.5%

Second residential and all corporate residential properties £40,000 or more – add 3% to relevant SDLT/LTT rate(s) and 4% to LBTT rate(s)

England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value

Residential property

%

Commercial property

%

Up to £125,000

0

Up to £150,000

0

£125,001 - £250,000

2

£150,001 – £250,000

2

£250,001 – £925,000

5

Over £250,000

5

£925,001 – £1,500,000

10

 

 

Over £1,500,000

12

 

 

First-time buyers:  0% on first £300,000 for properties up to £500,000

Residential properties bought by companies etc over £500,000 – 15% of total consideration, subject to certain exemptions

Scotland – Land and Buildings Transaction Tax (LBTT) on slices of value

Residential property

%

Commercial property

%

Up to £145,000

0

Up to £150,000

0

£145,001 – £250,000

2

£150,001 – £250,000

1

£250,001 – £325,000

5

Over £250,000

5

£325,001 – £750,000

10

 

 

Over £750,000

12

 

 

First-time buyers: 0% on first £175,000

Wales –  Land Transaction Tax (LTT) on slices of value (from 1/4/18)

Residential property

%

Commercial property

%

Up to £180,000

0

Up to £150,000

0

£180,001 – £250,000

3.5

£150,001 – £250,000

1

£250,001 – £400,000

5

£250,001 – £1,000,000

5

£400,001 – £750,000

7.5

Over £1,000,000

6

£750,001 – £1,500,000

10

 

 

Over £1,500,000

12

 

 

 

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