Tax rates & allowances

Property Taxes

Annual Tax on Enveloped Dwellings (ATED)

ATED applies to 'high value' residential properties owned via a corporate structure, unless the property is used for a qualifying purpose. The tax applies to properties valued at more than £500,000.

Property value Annual charge to
  31.3.2018 31.3.2017
£0.5m - £1m £3,500 £3,500
£1m - £2m 7,050 7,000
£2m - £5m 23,550 23,350
£5m - £10m 54,950 54,450
£10m - £20m 110,100 109,050
£20m + 220,350 218,200

Stamp Duty Land Tax (SDLT) and Land and Buildings Transaction Tax (LBTT)

Residential property (1st property only)
SDLT*
£,000's
Rate on band
%
LBTT
£,000's
Rate on band
%
Up to 125 Nil Up to 145 Nil
125 - 250 2% 145 - 250 2%
250 - 925 5% 250- 325 5%
925 - 1,500 10% 325 - 750 10%
Over 1,500 12% Over 750 12%

A supplement of 3% of the total purchase price applies for both SDLT and LBTT where a second home is purchased for more than £40,000 from 1 April 2016.

* A rate of 15% applies to the total purchase price where the property is valued above £500,000 and purchased by a 'non-natural person' (e.g. a company).

Non residential or mixed use property
SDLT*
£,000's
Rate on band
%
LBTT
£,000's
Rate on band
%
Up to 150 Nil Up to 150 Nil
150 - 250 2% 150 - 350 3%
Over 250 5% Over 350 4.5%
Tax rates 2017-2018PDF document