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Stamp duty land tax (SDLT), stamp duty and stamp duty reserve tax (SDRT) are charged on many transactions in land and shares. It is normally due from the purchaser.
| Purchase price | SDLT rate on the band* |
|---|---|
| Up to £125,000 | Nil |
| £125,001 – £250,000 | 2% |
| £250,001 – £925,000 | 5% |
| £925,001 – £1.5m | 10% |
| £1.5m + | 12% |
*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).
| Purchase price | SDLT rate on total price |
|---|---|
| Up to £150,000 | Nil |
| £150,001 – £250,000 | 1% |
| £250,001 – £500,000 | 3% |
| £500,000 + | 4% |
From 1 April 2015, SDLT is replaced in Scotland by LBTT. Like SDLT, it is payable by the purchaser.
| Purchase price | Rate on band |
|---|---|
| Up to £145,000 | Nil |
| £145,001 – £250,000 | 2% |
| £250,001 – £325,000 | 5% |
| £325,001 – £750,000 | 10% |
| £750,000 + | 12% |
| Purchase price | Rate on band |
|---|---|
| Up to £150,000 | Nil |
| £150,001 – £350,000 | 3% |
| £350,000 + | 4.5% |
No duty if consideration does not exceed £1,000, otherwise 0.5% of total consideration, rounded up to the nearest £5. Gifts, legacies and other ‘gratuitous transfers’ are generally not liable to duty at all.
Purchases of marketable securities are instead subject to 0.5% Stamp Duty Reserve Tax (SDRT), unless exempted (e.g. purchases of gilts).
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