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 – 500,0000
500,001 – 925,0005
925,001 – 1,500,00010
1,500,001 and above12

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 – 150,0000
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 – 250,0000
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.

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 – 150,0000
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 – 250,0000
250,001 – 400,0005
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. 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 – 180,0003
180,001 – 250,0006.5
250,001 – 400,0008
400,001 – 750,00010.5
750,001 – 1,500,00013
1,500,000 and above15

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

Non-residential property

Consideration (£)Rate (%)
0 – 150,0000
150,000 – 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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