The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5 per cent.
8th July 2020 – 30th March 2020
| Value up to £500,000 | Nil |
| Over £500,000 to £925,000 | 5% |
| Over £925,000 to £1.5 million | 10% |
| Remaining amount over £1.5 million | 12% |
| Value up to £150,000 | Nil |
| Over £150,000* to £250,000 | 2% |
| Remaining amount over £250,000 | 5% |
From 1st April 2021
The below rates also apply if you bought the property before 8th July 2020.
| Value up to £125,000* | Nil |
| Over £125,000* to £250,000 | 2% |
| Over £250,000 to £925,000 | 5% |
| Over £925,000 to £1.5 million | 10% |
| Remaining amount over £1.5 million | 12% |
* £300,000 for first-time buyers, 5% SDLT on the portion from £300,001 to £500,000, same rates as above for remaining values from £500,001+. Special rules apply for new zero-carbon homes.
| Value up to £150,000 | Nil |
| Over £150,000* to £250,000 | 2% |
| Remaining amount over £250,000 | 5% |
Duty 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.
Duty on premiums is the same as for transfers of land (except that the zero rate does not apply where rent of over £600 annually is also payable).