When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. If you buy shares electronically Stamp Duty Reserve Tax (SDRT) is payable. For shares purchased using a stock transfer form, you will pay Stamp Duty if the transaction is over £1,000.
SDLT is payable on land and property transactions in England and Northern Ireland.
Property transactions in Scotland are subject to Land and Buildings Transaction Tax (LBTT).
Property transactions in Wales are subject to Land Transaction Tax (LTT).
The rates apply to the portion of the total value which falls within each band. The following rates apply to 30 June 2021:
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 500,000 | 0 |
| 500,001 - 925,000 | 5 |
| 925,001 - 1,500,000 | 10 |
| 1,500,001 and above | 12 |
The following rates apply from 1 July to 30 September 2021:
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 250,000 | 0 |
| 250,001 - 925,000 | 5 |
| 925,001 - 1,500,000 | 10 |
| 1,500,001 and above | 12 |
The following rates apply from 1 October 2021:
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 125,000 | 0 |
| 125,001 - 250,000 | 2 |
| 250,001 - 925,000 | 5 |
| 925,001 - 1,500,000 | 10 |
| 1,500,001 and above | 12 |
These rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
From 1 July 2021 First-time buyers may be eligible for first-time buyer relief on purchases of residential property up to £500,000. The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 300,000 | 0 |
| 300,001 - 500,000 | 5 |
| for purchases over 500,000 | normal rates apply |
Payable on consideration which falls in each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 150,000 | 0 |
| 150,001 - 250,000 | 2 |
| Over 250,000 | 5 |
Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 145,000 | 0 |
| 145,001 - 250,000 | 2 |
| 250,001 - 325,000 | 5 |
| 325,001 - 750,000 | 10 |
| 750,001 and above | 12 |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased by 4% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief raises the zero rate tax threshold for first-time buyers from £145,000 to £175,000.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 150,000 | 0 |
| 150,001 - 250,000 | 1 |
| Over 250,000 | 5 |
The rates apply to the portion of the total value which falls within each band.
Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
Rates applying to 30 June 2021:
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 250,000 | 0 |
| 250,001 - 400,000 | 5 |
| 400,001 - 750,000 | 7.5 |
| 750,001 - 1,500,000 | 10 |
| 1,500,000 and above | 12 |
Rates applying from 1 July 2021:
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 180,000 | 0 |
| 180,001 - 250,000 | 3.5 |
| 250,001 - 400,000 | 5 |
| 400,001 - 750,000 | 7.5 |
| 750,001 - 1,500,000 | 10 |
| 1,500,000 and above | 12 |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased by 4% where further residential properties costing over £40,000 or over are acquired.
Higher residential rates may apply when you already own one or more residential properties.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 180,000 | 4 |
| 180,001 - 250,000 | 7.5 |
| 250,001 - 400,000 | 9 |
| 400,001 - 750,000 | 11.5 |
| 750,001 - 1,500,000 | 14 |
| 1,500,000 and above | 16 |
The rates apply to the portion of the total value which falls within each band.
| Consideration (£) | Rate (%) |
|---|---|
| 0 - 225,000 | 0 |
| 225,001 - 250,000 | 1 |
| 250,001 - 1,000,000 | 5 |
| Over 1,000,000 | 6 |
The rates apply to the portion of the total value which falls within each band.