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Stamp Duty & Land Tax

Capital Allowance Tax is a tax relief allowing the cost of some of your company’s assets to be written off against its taxable profits. Our team are available to assist and ensure that you get all the relief you are legally entitled to within your business.

Annual Tax on Enveloped Dwellings (ATED)

ATED applies to 'high value' residential properties owned via a corporate structure, unless the property is used for a qualifying purpose. From 1 April 2016 the tax applies to properties valued at more than £500,000 (£1m from 1 April 2015 - 31 March 2016; £2m from 1 April 2013 - 31 March 2015).

Property value Annual charge to
  31.3.2017 31.3.2016
£0.5m – £1m £3,500 N/A
£1m – £2m 7,000 £7,000
£2m – £5m 23,350 23,350
£5m – £10m 54,450 54,450
£10m – £20m 109,050 109,050
£20m + 218,200 218,200

Stamp Duty Land Tax (SDLT) and
Land and Buildings Transaction Tax (LBTT)

From 1 April 2015, SDLT was replaced in Scotland by LBTT. Like SDLT, it is payable by the purchaser.

Residential property (1st property only)
SDLT* Rate on band LBTT Rate on band
£,000's % £,000's %
Up to 125 Nil Up to 145 Nil
125– 250 2% 145 - 250 2%
250 – 925 5% 250 – 325 5%
925 – 1,500 10% 325 – 750 10%
Over 1,500 12% Over 750 12%

A supplement of 3% of the total purchase price applies for both SDLT and LBTT where a second home is purchased for more than £40,000 from 1 April 2016.

*A rate of 15% applies to the total purchase price where the property is valued above £500,000 and purchased by a 'non-natural person' (e.g. a company).

Commercial property
SDLT Rate on band LBTT Rate on band
£,000's % £,000's %
Up to 150 Nil Up to 150 Nil
150 – 250 2% 150 – 350 3%
Over 250 5% Over 350 4.5%