Stamp Duty – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk Accounting and Taxation Services - London Sat, 12 Sep 2020 21:58:23 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8.1 http://www.bo-accounting.co.uk/wp-content/uploads/2020/08/cropped-blue-orchid-logo-32x32.jpg Stamp Duty – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk 32 32 Stamp Duty http://www.bo-accounting.co.uk/informations/stamp-duty/ Tue, 11 Aug 2020 08:38:02 +0000 http://www.bo-accounting.co.uk/?p=129 The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5 per cent.

8th July 2020 – 30th March 2020

  Residential Properties | Stamp Duty Land Tax
Value up to £500,000 Nil
Over £500,000 to £925,000 5%
Over £925,000 to £1.5 million 10%
Remaining amount over £1.5 million 12%
  Non-Residential Land and Properties | Stamp Duty Land Tax
Value up to £150,000 Nil
Over £150,000* to £250,000 2%
Remaining amount over £250,000 5%

From 1st April 2021
The below rates also apply if you bought the property before 8th July 2020.

  Residential Properties | Stamp Duty Land Tax
Value up to £125,000* Nil
Over £125,000* to £250,000 2%
Over £250,000 to £925,000 5%
Over £925,000 to £1.5 million 10%
Remaining amount over £1.5 million 12%

* £300,000 for first-time buyers, 5% SDLT on the portion from £300,001 to £500,000, same rates as above for remaining values from £500,001+. Special rules apply for new zero-carbon homes.

  Non-Residential Land and Properties | Stamp Duty Land Tax
Value up to £150,000 Nil
Over £150,000* to £250,000 2%
Remaining amount over £250,000 5%
  New Leases

Duty is charged according to the net present value of all the rental payments over the term of the lease (NPV), with a single rate of 1% on residential NPV’s over £125,000 and on non-residential NPV’s over £150,000.
VAT is excluded from treatment as consideration provided the landlord has not opted to charge VAT by the time the lease is granted.

  Lease premiums

Duty on premiums is the same as for transfers of land (except that the zero rate does not apply where rent of over £600 annually is also payable).

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