HM Treasury’s United Kingdom Budget 2007

Grant Thornton

Grant Thornton

Stamp Duty

Shares/marketable securities Rate
  • On sale
0.5% 1
  • 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 consideration2 other than rent
Residential Non-residential Rate 3
£1-£125,000 £1-
£150,000
exempt 4
£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 exempt4
New zero carbon homes up to £500,000 exempt5

Net Present Value of Rent

Residential Non-residential Rate
£1-£125,000 £1-£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

1 Rounded up to nearest £5
2 Or market value in certain circumstances
3 On whole consideration (VAT inclusive)
4 If annual rent greater than £6 exemption not available on lease premium and 1% rate applies.
5 Expected to take effect from 1 October 2007 until 3 September 2012. For purchase prices in excess of £500,000 the liability is reduced by £15,000.

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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