HM Treasury’s United Kingdom Budget 2005

brought to you courtesy of Grant Thornton


brought to you courtesy of Grant ThorntonStamp Duty

Shares/marketable securities
Rate
on sale
0.5% *
not on sale max £5
max £5

* Rounded up to nearest £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

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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