Tax Rates 2018/19
Spring Statement

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), 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 180 Nil
125 - 250 2% 145 – 250 2% 180 – 250 3.5%
250 – 925 5% 250– 325 5% 250– 400 5%
925 – 1,500 10% 325 – 750 10% 400 – 750 7.5%
Over 1,500 12% Over 750 12% 250 – 1,000 10%
        Over 1,000 6%

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). It is also payable by all corporate purchasers.

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% may apply 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%