free small business advice & information
Main Menu
Hot Links
Budget 2006
Stamp Duty
| Shares/marketable securities |
Rate
|
||
| on sale |
0.5% *
|
||
| not on sale |
max £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 TAX |
||
| Chargeable consideration±other than rent | ||
|
Residential
|
Non-residential
|
Rate †
|
|
£1-£125,000
|
£1-
£150,000 |
exempt ¶
|
|
£125,001-
£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¶
|
|
| Net Present Value of Rent |
Rate
|
||
| Residential | Non-residential | ||
| Up to £125,000‡ | Up to £150,000 |
0%
|
|
| On excess over £125,000‡ | On excess over £150,000 |
1%
|
|
Disadvantaged Areas |
|||
| net present value of rent £150,000 or less |
exempt
|
||
* Rounded up to nearest £5
± Or market value in certain circumstances
† On whole consideration (VAT inclusive)
‡ £120,000 pre 23 March 2006
§ £120,000-£250,000 pre 23 March 2006
¶ 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.
Monthly Prize Draw!
Win £375 worth of advertising for your business.
Enter our competition by either:
- Signing up to the is4profit Small Business Newsletter or
- Entering your firm's details into the Small Business Directory