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% |