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) and 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 150 | Nil |
| 125 – 250 | 2% | 145 – 250 | 2% | 150 – 250 | 2.5% |
| 250 – 925 | 5% | 250– 325 | 5% | Up to 145 | 5.0% |
| 925 – 1,500 | 10% | 325 – 750 | 10% | 400 to 750 | 7.5% |
| Over 1,500 | 12% | Over 750 | 12% | 750 – 1,500 | 10.0% |
| Over 1,500 | 12.0% | ||||
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).
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% 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 – 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% | ||||
LBTT rates may change after the Scottish Budget in December 2017.