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Stamp Taxes

The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is unchanged at 0.5 per cent.

Stamp Duty Land Tax

Transfers of property are subject to stamp duty land tax at the following rates:

Value up to 125,000* Nil
Over 125,000* to 250,000 1%
Over 250,000 to 500,000 3%
Over 500,000 4%
* 150,000 for non-residential property and residential property in disadvantaged areas.Special rules apply for new zero-carbon homes.
** First time buyers nil

New Leases

Duty is charged according to the net present value of all the rental payments over the term of the lease (NPV), with a single rate of 1% on residential NPV's over 125,000 and on non-residential NPV's over 150,000.

VAT is excluded from treatment as consideration provided the landlord has not opted to charge VAT by the time the lease is granted.

Lease premiums

Duty on premiums is the same as for transfers of land (except that the zero rate does not apply where rent of over 600 annually is also payable).

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