Stamp Duty Land Tax rates: 1 December 2003 to 16 March 2005
Updated 1 April 2025
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Stamp Duty Land Tax (SDLT) rate is charged on the whole amount of the consideration.
SDLT rates and thresholds for residential properties
Transfers of land and buildings (consideration paid)
| Land in disadvantaged areas - residential | Land in disadvantaged areas - non-residential | All other land in the UK - residential | All other land in the UK - non-residential | Rate |
|---|---|---|---|---|
| Up to 拢150,000 | All | Up to 拢60,000 | Up to 拢150,000 | Zero |
| Over 拢150,000 to 拢250,000 | 听 | Over 拢60,000 to 拢250,000 | Over 拢150,000 to 拢250,000 | 1% |
| Over 拢250,000 to 拢500,000 | 听 | Over 拢250,000 to 拢500,000 | Over 拢250,000 to 拢500,000 | 3% |
| Over 拢500,000 | 听 | Over 拢500.000 | Over 拢500,000 | 4% |
Properties bought in a disadvantaged area
If the property is in an area designated by the government as a higher threshold of 拢150,000 applies for residential properties.
Relief is available on transactions involving residential property in designated disadvantaged areas, where the effective date of the transaction is on or after 1 December 2003 and before 6 April 2013 and the chargeable consideration doesn鈥檛 exceed 拢150,000.
All claims to this relief must be made on or before 5 May 2014.
SDLT isn鈥檛 charged on non-residential properties bought in a disadvantaged area.
New leases (lease duty)
Duty on rent
| Net present value (NPV) of rent - residential | NPV of rent - non-residential | Rate |
|---|---|---|
| Up to 拢60,000 | Up to 拢150,000 | Zero |
| Over 拢60,000 | Over 拢150,000 | 1% |
When calculating duty payable on the NPV of leases, you must reduce your NPV calculation by the following before applying the 1% rate:
- residential - 拢60,000
- non-residential - 拢150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium where rent exceeds 拢600 annually).
The rate of stamp duty/stamp duty reserve tax on the transfer of shares and securities is unchanged at 0.5% for the tax year 2003 to 2004.