Stamp duty & land taxes

Stamp Duty

When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. If you buy shares electronically Stamp Duty Reserve Tax (SDRT) is payable. For shares purchased using a stock transfer form, you will pay Stamp Duty if the transaction is over £1,000.

Stamp Duty Land Tax

SDLT is payable on land and property transactions in England and Northern Ireland.

Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT).

Property transactions in Wales are subject to Land Transaction Tax (LTT).

Residential property

The rates apply to the portion of the total value which falls within each band.

Consideration (£)Rate (%)
0 – 250,0000
250,001 – 925,0005
925,001 – 1,500,00010
1,500,001 and above12

These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired prior to 30 October 2024 and by 5% after that date.

First-time Buyer relief

First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £625,000. The rates apply to the portion of the total value which falls within each band.

Consideration (£)Rate (%)
0 – 425,0000
425,001 – 625,0005
for purchases over 625,000normal rates apply

Non-residential property

Payable on consideration which falls in each band.

Consideration (£)Rate (%)
0 – 150,0000
150,001 – 250,0002
Over 250,0005

Land and Buildings Transaction Tax

Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.

Residential property

Consideration (£)Rate (%)
0 – 145,0000
145,001 – 250,0002
250,001 – 325,0005
325,001 – 750,00010
750,001 and above12

The rates apply to the portion of the total value which falls within each band.

Residential rates may be increased by 6% where further residential properties, costing over £40,000, are acquired prior to 5 December 2024 and by 8% after that date. Where the effective date of a land transaction is on or after 5 December 2024 and the contract for the land transaction was entered into on or before 4 December 2024, the tax rate of 6% will apply.

First-time Buyer relief raises the zero rate tax threshold for first-time buyers from £145,000 to £175,000.

Non-residential property

Consideration (£)Rate (%)
0 – 150,0000
150,001 – 250,0001
Over 250,0005

The rates apply to the portion of the total value which falls within each band.

Land Transaction Tax

Land Transaction Tax (LTT) is payable on land and property transactions in Wales.

Residential property

Consideration (£)Rate (%)
0 – 225,0000
225,001 – 400,0006
400,001 – 750,0007.5
750,001 – 1,500,00010
1,500,000 and above12

The rates apply to the portion of the total value which falls within each band.

Residential rates may be increased where further residential properties costing over £40,000 or over are acquired.

Higher residential tax rates

Higher residential rates may apply when you already own one or more residential properties. The following rates apply to acquisitions on or after 11 December 2024. For contracts exchanged prior to that date the percentages are reduced by 1%.

Consideration (£)Rate (%)
0 – 180,0005
180,001 – 250,0008.5
250,001 – 400,00010
400,001 – 750,00012.5
750,001 – 1,500,00015
1,500,000 and above17

The rates apply to the portion of the total value which falls within each band.

Non-residential property

Consideration (£)Rate (%)
0 – 225,0000
225,001 – 250,0001
250,001 – 1,000,0005
Over 1,000,0006

The rates apply to the portion of the total value which falls within each band.

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