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Page 30 of 32 
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
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Business Advice