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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom

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 properrties valued at more than 500,000.



Property value

Annual charge to

31.3.2018
31.3.2019
0.5m - 1m
3,500
3,600
1m - 2m  
7,050
7,250
2m - 5m
23,550
24,250
5 - 10m
54,950
55,550
10m - 20m
110,100
113,400
20m +
220,350
226,950



Stamp Duty Land Tax (SDLT) and Land and Buildings Transaction Tax (LBTT) and Land Transaction Tax (LTT)


Residential property (1st property only)
SDLT - England & NI 000

Rate %
LBTT - Scotland 000

Rate %
LTT - Wales 000

Rate %

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%
925-1,500
10%
325-750
10%
400-750
7.5%
Over 1,500
12%
Over 750
12%
250-1,000
10%




Over 1,000
6%

LTT replaces SDLT in Wales from 1 April 2018.

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:

- From 22.11.17, 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 ourchase 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 %
LBTT - Scotland 000

Rate %
LTT - Wales 000

Rate %






Up to 150
Nil
Up to 150
Nil
Up to 150
Nil
150-250
2%
150-350
3%
150-250
1%
Over 250
5%
Over 350
4.5%
250-1,000
5%



Over 1,000
6%





Tax rates

Tax rates 2018/19
Income Tax
Annual investment limits
Vehicle Benefit
Tax free mileage allowances
National Insurance Contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Key dates and deadlines
Useful rates