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Stamp Duty & Land Tax


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. The tax applies to properties valued at more than £500,000.

Property value Annual charge to
  31.3.2020 31.3.2019
£0.5m – £1m £3,650 £3,600
£1m – £2m £7,400 £7,250
£2m – £5m £24,800 £24,250
£5m – £10m £57,900 £56,550
£10m – £20m £116,100 £113,400
Over £20m £232,350 £226,950

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

Residential property (1st property only)
SDLT - England & NI
£000
Rate on band
%
LBTT - Scotland
£000
Rate on band
%
LTT - Wales
£000
Rate on band
%
Up to 125 Nil Up to 145 Nil Up to 180 Nil
125 - 250 2% 145 – 250 2% 180 – 250 3.5%
250 – 925 5% 250 – 325 5% 250 – 400 5%
925 – 1,500 10% 325 – 750 10% 400 – 750 7.5%
Over 1,500 12% Over 750 12% 750 – 1,500 10%
Over 1,500 12%

A supplement of 3% of the total purchase price applies for all three taxes where an additional residential property is purchased for more than £40,000 (unless replacing a main residence). It is also payable by all corporate purchasers.

For SDLT:

– First-time buyers purchasing a property of up to £500,000 pay a nil rate on the first £300,000 of purchase price.

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

Non residential or mixed use property
SDLT - England & NI
£000
Rate on band
%
LBTT - Scotland
£000
Rate on band
%
LTT - Wales
£000
Rate on band
%
Up to 150 Nil Up to 150 Nil Up to 150 Nil
150 - 250 2% 150 – 350 3% 150 - 250 1%
Over 250 5% Over 350 4.5% 250 – 1,000 5%
Over 1,000 6%