Tax Rates 2004   Tax Rates 2004 Graphic
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Stamp Taxes

The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is unchanged at 0.5 per cent for 2004/05.

Stamp taxes from 1 December 2003 (implementation of stamp duty land tax)

Transfers of property (consideration paid)
Rate Land in disadvantaged areas All other land in the UK
Residential Non-residential Residential Non-residential
Zero £0 - £150,000 All £0 - £60,000 £0 - £150,000
1% £150,001 - £250,000   £60,001 - £250,000 £150,001 - £250,000
3% £250,001 - £500,000   £250,001 - £500,000 £250,001 - £500,000
4% Over £500,000   Over £500,000 Over £500,000
Property that is not land, shares or interests in partnerships is no longer subject to stamp duty.


New Leases (lease duty)

Charge for the rental element of leases is 1% on the net present value (NPV) of the rental payments to the extent that NPV exceeds �60,000 for residential property or �150,000 for non-residential property.

Lease premiums are charged at the same rates as for freehold transfers, unless the annual rent exceeds �600, in which case there will be no zero band for the premium and the 1% charging band will apply to premiums up to �250,000.