Tax Rates & Allowances 2015/16

Stamp Duty and Stamp Duty Land Tax

Land and buildings in England, Wales and N. Ireland

Rate
%
Residential*
£
Non-residential**
£
Rate
%
0 0 - 125,000 0 - 150,000 0
2 125,001 - 250,000 150,001 - 250,000 1
5 250,001 - 925,000 250,001 - 500,000 3
10 925,001 - 1,500,000 Over 500,000 4
12 1,500,001 and over - -

*Payable on consideration which falls in each bracket.
**Payable on total consideration once limit is breached.

SDLT is charged at 15% on interests in residential dwellings costing more than £500,000 purchased by certain non-natural persons for acquisitions with an effective date on or after 20 March 2014.

Shares and securities - rate 0.5%.