Stamp Duty Flashcards
How long does the purchaser have to pay stamp duty
14 days
What is the stamp duty rate for purchases above £925k - £1.5m
10%
What is the stamp duty rate for purchases over £1.5m
12%
What is the max purchase price for ftb to avoid paying stamp duty
£300,000
What is the property price cap for first time buyers to qualify for relief on first £300k
£500k
What is stamp duty rate for non res land/property up to 150k
0%
What is the stamp duty rate for non red land and property purchase between £150k - £250k
2%
What is stamp duty rate for non res property
5%
What is the rate of stamp duty for corporate bodies buying residential property over £500k
15% on whole purchase price
What is the surcharge for additional properties (res) in excess of £40k
3% (4% in Scotland)
How long can a refund of additional stamp duty be claimed if original residence is sold
36 month (18 Scotland)
Where is land and buildings transaction paid
Scotland
What is the Lbtt rate payable on properties up to £145k
0%
What is the maximum purchase price for lbtt relief for first time buyers
£175k
Where is land transactions tax payable
Wales
What is the rate of LTT on properties up to £180k
0%
What is stamp duty and stamp duty reserve tax
Paid in transfer of ownership of shares and stocks and unit trusts
When is stamp duty reserve tax paid
On stock transferred electronically through a stock broker
What is the rate of stamp duty or sdrt
0.5% of consideration paid
What is stamp duty rounded up to
The nearest £5
What is SDRT rounded to
The nearest penny
What is the maximum value for stamp duty and Sdrt to be exempt
£1,000
Is stamp duty payable on share transactions for companies listed on growth markets (AIM)
None
