On relevant benefits, including car and fuel benefits
0.5%
Property Taxes
Incremental rates of tax are only payable on the part of the property price within each band. An extra 5% rate (8% in Scotland) applies to purchases of additional residential property above £40,000 and all corporate residential properties
England & Northern Ireland: Stamp duty land tax
On transfer of residential property*
On transfer of non-residential property
£0 – £125,000
0%
£0 – £150,000
0%
£125,001 - £250,000
2%
£150,001 – £250,000
2%
£250,001 - £925,000
5%
Above £250,000
5%
£925,001 – £1.5m
10%
Above £1.5m
12%
* First-time buyers pay nothing on the first £300,000 for properties up to £500,000.
For residential purchases by ‘non-natural persons’ over £500,000 a rate of 17% applies, subject to certain exclusions.
Different rates apply in Scotland and Wales. Contact us or refer to local government resources for specific details.
Residential property developer tax
Residential Property Developer Tax
On annual profits in excess of £25m
0%
On relevant benefits, including car and fuel benefits