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Budget 2005
 Stamp Duty
| Shares/marketable securities |
Rate
|
| on sale |
0.5% *
|
| not on sale max £5 |
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
On 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
|
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