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What are the Stamp Duty charges?

The following tax facts should be viewed as an indication of the rates and allowances available and relate to the current tax year (2020/2021) unless stated otherwise. Tax law is notoriously complex and we cannot replicate every rule, nuance or exemption here. Therefore you should not make, or refrain from making, any decisions based on this information alone. If you are in any doubt as to the suitable course of action we recommend you seek tax advice. Remember tax rules can change and depend on your personal circumstances.

Stamp duty reserve tax (SDRT)

0.5% rounded up to the nearest penny when you buy shares that settled via electronic paperless system.

Standard stamp duty

When you buy shares worth over £1,000 that settle via a paper system the tax charge is 0.5% rounded up to the nearest £5. There is no charge if the shares are worth less than £1,000.

Stamp duty land tax (SDLT) - residential

Charged when you buy residential land or property. There are different rates for non-residential property.

Purchase price or value Tax rate paid on portion of purchase price
Tax rate paid on second and subsequent houses
Up to £125,000 0% 3%
£125,001 to £250,000 2% 5%
£250,001 to £925,000 5% 8%
£925,001 to £1,500,000 10% 13%
Over £1,500,000 12% 15%

Please note Stamp duty land tax (SDLT) is not charged in Scotland. A Land and Buildings Transaction Tax (LBTT) will be applied instead. Please view here for more details.

Stamp duty land tax (SDLT) is not charged in Wales. A Land Transaction Tax (LTT) will be applied instead, please view here for more details.

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