Budget 2012 – Annual Tax Rates and Allowances
Stamp Duty Land Tax
| Chargeable considerationother than rent | ||
|---|---|---|
|
Residential
|
Non-residential/mixed | Rate |
| £1-£125,000 | £1-£150,000 | exempt1 |
| £125,001-£250,000 | £150,001-£250,000 | 1% |
| £250,001-£500,000 | £250,001-£500,000 | 3% |
| £500,001–£1,000,000 | Over £500,000 | 4% |
| Over £2,000,0002 | 5% | |
|
exempt | |
|
exempt3 | |
| 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 | ||
|
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.
2Rules apply to increase the rate to 15% where acquired by certain persons other than individuals.
3 From 1 October 2007 until 30 September 2012. For purchase prices in excess of £500,000 the liability is reduced by £15,000.
