Tax Rates 2019/20
Autumn Budget

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
  31.3.2020 31.3.2019
£0.5m - £1m £3,650 £3,600
£1m - £2m 7,400 7,250
£2m – £5m 24,800 24,250
£5m – £10m 57,900 56,550
£10m – £20m 116,100 113,400
Over £20m 232,350 226,950

Stamp Duty Land Tax (SDLT), 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 180 Nil
125 - 250 2% 145 – 250 2% 180 – 250 3.5%
250 – 925 5% 250– 325 5% 250 – 400 5.0%
925 – 1,500 10% 325 – 750 10% 400 – 750 7.5%
Over 1,500 12% Over 750 12% 750 – 1,500 10.0%
        Over 1,500 12.0%

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). It is also payable by all corporate purchasers.

For SDLT:

– 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% may apply 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 3.0% 150 – 250 1%
Over 250 5% Over 350 4.5% 250 – 1,000 5%
        Over 1,000 6%