Rates on sales | % of Total Consideration | |
Shares and marketable securities (nil if value up to £1,000) | 0.5% | |
Land | 0 – threshold | NIL |
Threshold – £250,000 | 1% | |
£250,001 – £500,000 | 3% | |
£500,001 and over | 4% | |
The threshold is: | ||
£125,000 | general residential property | |
£150,000 | residential in “disadvantaged areas” | |
£150,000 | commercial property | |
For the two years to 24.3.2012, first time buyers can claim relief from SDLT on purchases of up to £250,000 for property they intend to live in. |
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