Residential property in disadvantaged areas up to £150,000
exempt‡
New zero carbon homes up to £500,000
exempt§
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%
Residential property in disadvantaged areas
with net present value up to £150,000
exempt
* Or market value in certain circumstances.
† On whole consideration (VAT inclusive).
‡ For transactions prior to 12 March 2008, if annual rent greater than
£600 exemption not available on lease premiuman 1% rate applies. For transactions
on or after 12 March 2008, if lease includes non-residential property and rent
attributable to that part is £1,000 or more, exemption not available on
lease premium an 1% rate applies.
§ 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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