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 - 500,000 0
500,001 - 925,000 5
925,001 - 1,500,000 10
1,500,001 and above 12

Rates apply form 8 July 2020 to 31 March 2021.

These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.

Non-residential property

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

Consideration (£) Rate (%)
0 - 150,000 0
150,001 - 250,000 2
Over 250,000 5

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 - 250,000 0
250,001 - 325,000 5
325,001 - 750,000 10
750,001 and above 12

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

Rates apply from 15 July 2020 to 31 March 2021.

Residential rates may be increased by 4% where further residential properties, costing over £40,000, are acquired.

Non-residential property

Consideration (£) Rate (%)
0 - 150,000 0
150,001 - 250,000 1
Over 250,000 5

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 - 250,000 0
250,001 - 400,000 5
400,001 - 750,000 7.5
750,001 - 1,500,000 10
1,500,000 and above 12

The rates apply to the portion of the total value which falls within each band. Rates apply from 27 July 2020 to 31 March 2021.

Higher residential tax rates

Higher residential rates may apply when you already own one or more residential properties.

Consideration (£) Rate (%)
0 - 180,000 3
180,001 - 250,000 6.5
250,001 - 400,000 8
400,001 - 750,000 10.5
750,001 - 1,500,000 13
1,500,000 and above 15

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

Non-residential property

Consideration (£) Rate (%)
0 - 150,000 0
150,000 - 250,000 1
250,001 - 1,000,000 5
Over 1,000,000 6

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

acca.png sage-acc-club.png
About us

PPK Accountants Limited was established in 2001

We continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike...

Contact details

0118 979 8888

PPK Accountants Limited, Sandhurst House, 297 Yorktown Road, Sandhurst, Berkshire GU47 0QA

© 2021 PPK Accountants Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here. powered by totalSOLUTION

Company registration number 04400644. Registered in England at the above address. ACCA reference number 8010727.
Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants.
Director: James Brooks FCCA MAAT