Park McKillop & Company - Stamp Duty Land Tax (SDLT)

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Stamp Duty Land Tax (SDLT)

The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5%.

Transfers of property are subject to SDLT at the following rates:
Value up to 125,000 (150,000 for non-residential property)Nil
Over 125,000 (150,000) to 250,0001%
Over 250,000 to 500,0003%
Over 500,000 - 1,000,000 *4%
Over 1,000,000 * - 2,000,000 *5%*
Over 2,000,000*7%*
* Residential property only. A 15% rate will apply to properties over 2,000,000 purchased by certain "non-natural persons".

 

New Leases

SDLT is charged according to the net present value of all the rental payments over the term of the lease (NPV), with a single rate of 1% on residential NPV's over 125,000 and on non-residential NPV's over 150,000.

VAT is excluded from treatment as consideration provided the landlord has not opted to charge VAT by the time the lease is granted.

Lease premiums

SDLT on premiums is the same as for transfers of land (except that the zero rate does not apply where the annual rent of a non-residential property is 1,000 or more.)


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Registered as auditors by the Association of Chartered Certified Accountants and regulated
for a range of investment business activities by the Institute of Chartered Accountants in Ireland

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