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Stamp Duty Land Tax (SDLT)

SDLT is payable on the purchase of land, and on the grant of new leases, where the price paid (or the net present value) exceeds the SDLT threshold.

SDLT affects the buyer only, and has no impact on the seller.

New rules on SDLT in commercial property came into effect at midnight on 16th March 2016. In summary:

Purchase of land

Price SDLT Rate
up to £150,000 0%
£150,001 to £250,000 2%
£250,001 to £500,000 5%
Over £500,000 5%

These rates apply where the property is commercial or is of mixed use.

New leases

SDLT affects the Tenant only, and has no impact on the Landlord.

The calculation of SDLT on new leases is based on the average of the rent payable over the first 5 years of the lease. Therefore if there is a rent review during the first five years, a new SDLT will need to be filed following the rent being reviewed.

The calculation of the SDLT needs to be made by using the HMRC calculator, please click here to calculate the SDLT payable.

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