2005/06 Rates and Allowances
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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.
Use our calculator to check your liability to stamp duty or stamp duty land tax.
Stamp Duty Land Tax
Transfers of property are subject to stamp duty land tax at the following rates:
| Consideration paid |
Land in disadvantaged areas |
Other land in the UK |
| |
Residential |
Non-residential |
Residential |
Non-residential |
| Up to £120,000 |
0% |
0% |
0% |
0% |
| £120,001 to £150,000 |
0% |
0% |
1% |
0% |
| £150,001 to £250,000 |
1% |
1% |
1% |
1% |
| £250,001 to £500,000 |
3% |
3% |
3% |
3% |
| Over £500,000 |
4% |
4% |
4% |
4% |
Partnerships
Stamp duty continues to apply to transfers of partnership interests, but the amount payable will not exceed the amount that would have been payable on the value of any shares or secutities included in the transfer.
From 23 July 2004, stamp duty land tax applies to the transfer of an interest in land into or out of a partnership or the transfer of an interest in a partnership (where the partnership property includes an interest in land).
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 £120,000 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).
Did you know?
That the Government is expecting to receive £9.7 billion from stamp taxes. This represents an increase of £800 million (9%) compared to the previous year.
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