The 2016 Budget brought changes to the stamp duty land tax (SDLT) rates payable by purchasers on freehold commercial property and leasehold premium transactions. These changes took effect from 17 March 2016.
Under the reforms SDLT is now payable on the portion of the transaction value which falls within each tax band. Previously the SDLT band applied to the whole transaction value. Under the reforms buyers of commercial property worth up to £1.05m will pay less in stamp duty.
This calculator determines the SDLT payable following the changes introduced in the 2016 Budget.
Please enter % value less than 100
*Purchaser’s Costs % are assumed at 1.8% plus SDLT.**All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
The stamp duty rates and tax bands:
How to calculate the new Stamp Duty rate
If a property is bought for £2,400,000 the SDLT paid is as follow: