Stamp Taxes


On the transfer of property in England, Wales and Northern Ireland, the SDLT is:

Residential Property

Consideration Rate
Value up to £125,000 0%
Over £125,000 - £250,000 2%
Over £250,000 - £925,000 5%
Over £925,000 - £1,500,000 10%
Over £1,500,000 12%

In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases where the net present value (NPV) of rent is more than £125,000.

The purchase of additional residential properties may result in 3% being added to each of the above rates.

Non-residential Property

Consideration Rate
Value up to £150,000 0%
Over £150,000 - £250,000 2%
Over £250,000 - £500,000 5%

In most cases these rates also apply to property lease purchases but an additional 1% is due on new leases with an NPV of more than £150,000 and this rises to 2% on leases with an NPV greater than £5m. 

(Source: www.certax.co.uk)