Introduction
Personal Taxation
Employee Taxation
Investment Reliefs
Capital Gains Tax
Trusts
National Insurance Contributions
Tax Credits
Inheritance Tax
Business Tax
Corporation Tax
Value Added Tax
Stamp Duty
Insurance Premium Tax
| Stamp duty, stamp duty reserve tax (SDRT) and stamp duty land tax (SDLT) are charged on transactions in shares and land. The rates are: | |||||||||||||||||||||||
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| The threshold depends on whether the property is residential or commercial and whether it is in a "disadvantaged area": | |||||||||||||||||||||||
| Residential | Commercial | ||||||||||||||||||||||
| General | £125,000 | £150,000 | |||||||||||||||||||||
| Disadvantaged | £150,000 | £150,000 | |||||||||||||||||||||
| Stamp duty is charged on the total consideration, and is always rounded up to the nearest £5. SDLT is charged on the whole consideration and is rounded down to the nearest £1. SDLT is charged on the grant of a lease on any premium (using the above rates) and on the discounted net present value of the rental stream. This charge is at 1% of the excess of the NPV over the threshold. Fixed duties on instruments have been abolished. Gifts, wills and other 'gratuitous transfers' are generally not liable to duty at all. Stamp duty and its related taxes are normally due from the purchaser within 30 days of the chargeable transaction. | |||||||||||||||||||||||
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