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9

Table 1: Stamp duty land tax (SDLT) rates for domestic buyers

Property price

SDLT rate on the portion of the

price in the bracket

Below £125,000

0%

£125,001-£250,000

2%

£250,001-£925,000

5%

£925,001-£1.5 million

10%

Above £1.5 million

12%

Source: HMRC

Table 2: SDLT rates for non-resident buyers

Property price

SDLT rate on the portion of the

price in the bracket

Below £125,000

0%

£125,001-£250,000

3%

£250,001-£925,000

7.5%

£925,001-£1.5 million

15%

Above £1.5 million

18%

Source: Cebr analysis

The outlined reforms would generate £491 million in added SDLT revenues in 2015-16 and a total of £3.3

billion by 2019-2020.

Figure 2: SDLT residential property revenues under the current and revised systems, £bns

Source: OBR, Cebr analysis

0

2

4

6

8

10

12

14

16

18

20

2015-16

2016-17

2017-18

2018-19

2019-20

£ billion

Revenues under current system Revenues under revised system

© Centre for Economics and Business Research for the FairHomeTax Campaign Feb 2015 commissioned by Howard Cox