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 31.3.2027 31.3.2026 £0.5m – £1m £4,600 £4,450 £1m – £2m 9,450 9,150 £2m – £5m 32,200 31,050 £5m – £10m 74,450 72,700 £10m – £20m 151,450 145,950 Over £20m 303,450 292,350 Stamp Duty Land Tax (SDLT), Land and Buildings Transaction Tax (LBTT) and Land Transaction Tax (LTT) Residential property (1st property only) SDLT - England & NI LBTT - Scotland LTT - Wales £000 Rate £000 Rate £000 Rate Up to 125 Nil Up to 145 Nil Up to 225 Nil 125 – 250 2% 145 – 250 2% 225 – 400 6.0% 250 – 925 5% 250 – 325 5% 400 – 750 7.5% 925 – 1,500 10% 325 – 750 10% 750 – 1,500 10.0% Over 1,500 12% Over 750 12% Over 1,500 12.0% A surcharge applies for all three taxes where an additional residential property interest is purchased for more than £40,000 (unless replacing a main residence). It is also pay- able by all corporate purchasers. The rate is 5% (SDLT) and 8% (LBTT) of the total purchase price. LTT has specific higher rates in bandings: up to 180k: 5%, 180 - 250k: 8.5%, 250 - 400k: 10%, 400 - 750k: 12.5%, 750-1,500k: 15%, >1,500k: 17%. For SDLT: – First-time buyers purchasing a property of up to £500,000 pay a nil rate on the first £300,000 of the purchase price. – A 2% supplement applies where the property is bought by certain non-UK residents. – A rate of 17% 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). For LBTT, first-time buyer relief increases the nil rate band to £175,000. Non-residential or mixed use property SDLT - England & NI LBTT - Scotland LTT - Wales £000 Rate £000 Rate £000
Rate
Up to 150 150 – 250 Over 250
Nil 2% 5%
Up to 150 150 – 250 Over 250
Nil 1% 5%
Up to 225 225 – 250 250 – 1,000 Over 1,000
Nil 1% 5% 6%
Value Added Tax Standard rate (1/6 of VAT-inclusive price) Registration level - Taxable turnover Deregistration level - Taxable turnover
20%
£90,000 88,000
£90,000 88,000.
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