Residential Leases

Published: 26 Jul 2013

Updated: 18 Mar 2018

 

Written by Ray Coman

 

Stamp duty land tax payable on the acquisition of a lease differs from outright pruchase. The table below summarises tax costs:

 

 Non-residential/mixed use

England & NI Scotland Wales
Price/premium payable SDLT LBTT LTT
£0 - £150,000 Nil                    Nil Nil
£150,001 - £250,000 2% 3% 1%
£250,001 - £350,000 5% 3% 5%
£350,001 - £1 million 5% 4.5% 5%
Over £1 million 5% 4.5% 6%

 

England and Northern Ireland - 1% on present value of rents £150,001 to £5 million. 2% above £5 million.

Scotland - 1% on present value of rents over £150,000.

Wales - 1% on present value of rents £150,000 to £2 million. 2% above £2 million.

 

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