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Stamp taxes are payable on land, property and shares.
Transfer of land and property
Stamp duty land tax applies to contracts entered into (or varied) after 10 July 2003 and completed after 30 November 2003 and to leases granted after that date.
Rate
Residential property
Non-residential
Outside disadvantaged areas
In Disadvantaged areas
property
0%
0 - 125,000
0 - 150,000
0 - 150,000
1%
125,000 - 250,000
150,000 - 250,000
150,001 - 250,000
3%
250,000 - 500,000
250,000 - 500,000
250,001 - 500,000
4%
Over 500,000
Over 500,000
Over 500,000
Lease rentals
Duty on the premium is the same as for transfers of land (except that special rules apply for non-residential land and property premium where rent exceeds 1,000 annually. From 12 March 2008, the rules no longer apply to residential property). Duty on the rent is charged on any part of the net present value (NPV) which exceeds the threshold.
Rate
Net present value of rent
Residential property Outside disadvantaged areas
Non-residential property in disavantaged areas
Non residential Property
0%
0 - 175,000
0 - 150,000
0 - 150,000
1%
Over 175,000
Over 150,000
Over 150,000
Shares and marketable securities
 
Percentage of consideration
0.5%
Stamp duty on stocks and shares is rounded up to the nearest 5.
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