Budget 2012 – Annual Tax Rates and Allowances

Stamp Duty Land Tax - Budget 2012 - GT

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%
  • Residential property in disadvantaged areas up to £150,000
exempt
  • New zero carbon homes up to £500,000
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
  • 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.
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.

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