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Budget 2005
Stamp Duty
| Shares/marketable securities |
Rate
|
||
| on sale |
0.5% *
|
||
| not on sale max £5 |
max £5
|
* Rounded up to nearest £5
Stamp Duty Reserve Tax Rate
| Agreements for sale of chargeable securities |
0.5%
|
||
Note: in most cases the tax is franked by the payment of stamp duty
STAMP DUTY LAND TAXOn or before 16 March 2005 |
|||
| Chargeable consideration* other than rent | |||
|
Residential
|
Non-residential
|
Rate †
|
|
|
£1-£60,000
|
£1-£150,000
|
exempt ‡
|
|
|
£60,001-£250,000
|
£150,001-£250,000
|
1%
|
|
|
£250,001-£500,000
|
£250,001-£500,000
|
3%
|
|
|
Over £500,000
|
Over £500,000
|
4%
|
|
Land and buildings in disadvantaged areas |
|||
| purchases of £150,000 or less |
exempt ‡
|
||
| purchases of all non-residential property |
exempt
|
||
| Net Present Value of Rent |
Rate
|
||
| Residential | Non-residential | ||
| Up to £60,000 | Up to £150,000 |
0%
|
|
| On excess over £60,000 | On excess over £150,000 |
1%
|
|
Disadvantaged Areas |
|||
| net present value of rent £150,000 or less |
exempt
|
||
| non residential property |
exempt
|
||
From 17 March 2005
Chargeable consideration* other than rent
|
Residential
|
Non-residential/Mixed
|
Rate†
|
|
£1-£120,000
|
£1-£150,000
|
exempt‡
|
|
£120,001-£250,000
|
£150,001-£250,000
|
1%
|
|
£250,001-£500,000
|
£250,001-£500,000
|
3%
|
|
Over £500,000
|
Over £500,000
|
4%
|
| Land and buildings in disadvantaged areas | ||
| residential property up to £150,000 |
exempt‡
|
|
| Net Present Value of Rent |
Rate
|
|
| Residential | Non-residential/Mixed | |
|
Up to £120,000
|
Up to £150,000
|
0%
|
|
On excess over £120,000
|
On excess over £150,000
|
1%
|
| Disadvantaged areas | ||
| residential property with net present value | ||
| up to £150,000 |
exempt
|
|
* Or market value in certain circumstances
† On whole consideration
‡ If annual rent greater than £600 exemption not available on lease premium and 1% rate applies
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
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