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Budget 2009 - Indirect Taxation
Stamp Duty Land Tax
| Chargeable consideration1 other than rent | ||
|---|---|---|
| Residential | Non-residential/mixed | Rate2 |
| £1-£125,0004 | £1-£150,000 | exempt23 |
| £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% |
|
exempt | |
|
exempt5 | |
| Net present value of rent | ||
| Residential | Non-residential/mixed | Rate |
| Up to £125,000 | Up to £150,000 | 0% |
| On excess over £125,000 | On excess over £150,000 | 1% |
|
exempt | |
1 Or market value in certain circumstances.
2 On whole consideration (VAT inclusive).
3 If chargeable consideration relates to a lease that includes non-residential property
and rent attributable to that part is £1,000 or more, exemption not available on
attributable lease premium and 1% rate applies.
4 The lower limit for residential property is temporarily increased from £125,000 to £175,000 for transactions with an effective date between 3 September 2008 and
31 December 2009 inclusive.
5 From 1 October 2007 until 30 September 2012. For purchase prices in excess
of £500,000 the liability is reduced by £15,000.
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