Budget 2011 – Annual tax rates and allowances

Stamp Duty Land Tax - Budget 2011 - GT

Stamp Duty Land Tax

Chargeable considerationother than rent
Residential Non-residential/mixed Rate
£1-£125,000 £1-£150,000 exempt1
£125,001-£250,0002 £150,001-£250,000 1%
£250,001-£500,000 £250,001-£500,000 3%
£500,001–£1,000,000 Over £500,000 4%
Over £1,000,0003 5%
  • Residential property in disadvantaged areas up to £150,000
exempt
  • New zero carbon homes up to £500,000
exempt23
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%
Disadvantaged Areas
  • Residential property with net present value up to £150,000
exempt

1 If chargeable consideration relates to a lease that includes non-residential property and rent attributable to that part is £1,000 or more, exemption not available on attributable lease premium and 1% rate applies.
2 Exemption for first time buyers between 25 March 2010 and 24 March 2012.
3 Residential purchases where the effective date is on or after 6 April 2011 subject to exclusions for some contracts entered into or substantially performed before 25 March 2010.
4 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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