|
|
|
Duty on conveyances and land transfers, as from 28/03/2000*
|
|
Up to and including £60 000
|
nil
|
|
Over £60 000 but not more than £250 000
|
1%
|
|
Over £250 000 but not more than £500 000
|
3%
|
|
Over £500 000
|
4%
|
|
*The old rates of 1%, 2¸% and 3¸% will
apply if the contract is dated on or before 21/03/00.
N.B. All amounts are now rounded up to the next multiple
of £5
| Recent changes in the rates
of duty on conveyances and land transfers... |
| Up to and including 07/07/97 - |
1% |
| 08/07/97 - 23/03/98 (inclusive) - |
1% 1.5% 2% |
| 24/03/98 - 15/03/99 (inclusive) - |
1% 2% 3% |
|
16/03/99 - 27/03/00 (inclusive) -
|
1% 2.5% 3.5%
|
|
| Duty payable on Leases |
|
On the average rent·
|
|
|
Length of Term
|
Rate of Duty
|
|
Not more than 7 years or indefinite
|
1%*
|
|
More than 7 years but not more than 35 years
|
2%
|
|
More than 35 years but not more than 100
years
|
12%
|
|
Over 100 years
|
24%
|
|
* Applies only where the rent exceeds
£5,000 per annum.
|
|
|
On the Premium·
|
|
|
Up to and including £60,000 with an annual
rent of £600 or less (certificate of value for £60,000 must
be inserted)*
* If the annual rent is more than £600 a Certificate of Value
for £250,000 may be included and duty is charged on the premium
at 1%
|
Nil
|
|
Over £60,000 but not more than £250,000 (certificate
of value for £250,000 must be inserted)
|
1%
|
| Over £250,000 but not more than £500,000 (certificate
of value for £500,000 must be inserted) |
3%
|
| Premiums over £500,000 |
4%
|
| Furnished Lettings - A letting agreement
for any definite term less than a year of any furnished property
where the rent exceeds £5,000 attracts a fixed duty of £5. |
| If the annual rent on a lease for
7 years or less is £5,000 or below there is no duty to pay.
This also applies in cases where the term is less than 1 year
and the rent for the period is £5,000 or below. |
|
| Stamp Duty Payable on Buying
Stocks and Shares |
Purchase Price
(Consideration Money) |
Duty |
|
|
£. p |
|
Up to 1,000
|
£5 |
|
£1,001 to £2,000
|
£10
|
|
£2,001 to £3,000
|
£15 |
|
£3,001 to £4,000
|
£20 |
|
£4,001 to £5,000
|
£25 |
|
£5,001 to £6,000
|
£30 |
|
£6,001 to £7,000
|
£35 |
|
£7,001 to £8,000
|
£40 |
|
£8,001 to £9,000
|
£45 |
|
£9,001 to £10,000
|
£50 |
|
Over £10,000
|
duty at the rate of 0.5% rounded
up to the next multiple of £5 |
|
|
