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% |