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|
|£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|
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|
|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).
|SDLT||Rate on band||LBTT||Rate on band|
|Up to 150||Nil||Up to 150||Nil|
|150 – 250||2%||150 – 350||3%|
|Over 250||5%||Over 350||4.5%|