Tax rates & allowances

Property Taxes

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
  31.3.2019 31.3.2018
£0.5m - £1m £3,600 £3,500
£1m - £2m 7,250 7,050
£2m – £5m 24,250 23,550
£5m – £10m 56,550 54,950
£10m – £20m 113,400 110,100
£20m + 226,950 220,350

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

Residential property (1st property only)
SDLT - England & NI
£000
Rate on band
%
LBTT - Scotland
£000
Rate on band
%
LTT - Wales
£000
Rate on band
%
Up to 125 Nil Up to 145 Nil Up to 150 Nil
125 - 250 2% 145 – 250 2% 150 – 250 2.5%
250 – 925 5% 250– 325 5% Up to 145 5.0%
925 – 1,500 10% 325 – 750 10% 400 to 750 7.5%
Over 1,500 12% Over 750 12% 750 – 1,500 10.0%
Over 1,500 12.0%

LTT replaces SDLT in Wales from 1 April 2018.

A supplement of 3% of the total purchase price applies for all three taxes where an additional residential property is purchased for more than £40,000 (unless replacing a main residence).

For SDLT:

– From 22.11.17, first-time buyers purchasing a property of up to £500,000 pay a nil rate on the first £300,000 of purchase price.

– 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 - England & NI
£000
Rate on band
%
LBTT - Scotland
£000
Rate on band
%
LTT - Wales
£000
Rate on band
%
Up to 150 Nil Up to 150 Nil Up to 150 Nil
150 - 250 2% 150 – 350 3% 150 - 250 1%
Over 250 5% Over 350 4.5% 250 – 1,000 5%
Over 1,000 6%

LBTT rates may change after the Scottish Budget in December 2017.

Tax rates 2018-2019PDF document