From 4 December 2014 SDLT on residential properties is charged on a progressive basis, while SDLT on non-residential properties remains on a slab basis.

From 1 April 2015, in Scotland Land and Buildings Transaction Tax replaces SDLT
From 1 April 2016, there will be an additional SDLT surcharge of 3% on the purchase of a second, or subsequent residential property.

No charge unless the duty (including SDLT) exceeds £5

Stamp Duty Land Tax (SDLT)

Residential Land


On the transfer of residential land, SDLT is payable at the following rates:

Value up to £125,000
0%
Value £125,001 - £250,000
2%
Value £250,001 - £925,000
5% *
Value £925,001 - £1,500,000
10% *
Value over £1,500,000
12% *

* 15% where purchased through a company or certain other structures where value exceeds £500K.


Non Residential Land

On the transfer of non-residential land, SDLT is payable at the following rates:

Value up to £150,000
0%
Value £150,001 - £250,000
2%
Value over £250,000
5%


Leases (lease duty)

Based on the net present value of the rent received under the terms of the lease. Duty payable is 1% of the net present value in excess of the nil rate bands as above.

Non-residential properties up to £150,000
0%
Value £150,001 - £5,000,000 **
1%
Value over £5,000,000 **
2%
Residential properties up to £125,000
0%
over £125,000 **
1%

** The tax rate only applies to the relevant rental value which exceeds the nil rate band.


Other Transfers

No charge unless the duty (including SDLT) exceeds £5
Shares and Securities: 0% up to £1,000; 0.5% above £1,000

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