Chapter 01 - Stamp duty tax

Stamp duty land tax on residential land and buildings

- (not examinable in ATX)

Stamp duty land tax on non-residential land and buildings

- It is payable by the purchaser
- It is payable on purchase of land and buildings
- It is payable on the consideration paid by the purchaser
- It is not payable if any general or specific exemptions apply

Stamp duty land tax on land and buildings situated in England and Northern Ireland
- It is rounded-off to the nearest sterling pence

Consideration paid Stam duty

Upto £150000 NIL
£150001 - £250000 02% of consideration exceeding £150000
£250001 and above £2000 + 05% of consideration exceeding £250000

Stamp duty land tax on land and buildings situated in Scotland and Wales
- (not examinable in ATX)

General exemption
- No stamp duty land tax is payable irt the following transactions viz. -
- Consideration paid is NIL
- Transfer made during the lifetime
- Transfer made due to death
- Annulment settlements
- Divorce settlements
- Deed of variation
- Donations made to charities
- Donations made to political parties

Notes -
- Any donations made to charities includes any donations made to the museums, galleries,
historical societies, heritage societies etc.

Specific exemption
- No stamp duty land tax is payable if the following conditions are satisfied viz. -
- If the transfer is between 75% group companies
- If the transfer is made through paper stock transfer
- If the transfer resulted in transfer of beneficial interest

Withdrawal of specific exemption

- The specific exemption will be withdrawn if the purchasing group company leaves the
group within 03 year from the date of transfer alongwith the land and buildings
- The specific exemption will not be withdrawn if the selling group company leaves the
group within 03 year from the date of transfer

Stamp duty shares and securities tax

- It is payable by the purchaser
- It is payable on purchase of shares and securities
- It is payable on the consideration paid by the purchaser
- It is not payable if any general or specific exemptions apply

Stamp duty shares and securities tax on paper stock transfer

- Stamp duty = 05% of consideration (rounded-off to the nearest £5)

Stamp duty shares and securities tax on electronic stock transfer

- Stamp duty = 05% of consideration (rounded-off to the nearest sterling pence)

General exemption
- No stamp duty shares and securities tax is payable irt the following transactions viz. -
- Consideration paid is NIL
- Transfer made during the lifetime
- Transfer made due to death
- Annulment settlements
- Divorce settlements
- Deed of variation
- Donations made to charities
- Donations made to political parties

Notes -
- Any donations made to charities includes any donations made to the museums, galleries,
historical societies, heritage societies etc.

Specific exemption
- No stamp duty shares and securities tax is payable if the following conditions are satisfied
viz. -
- If the transfer is between 75% group companies
- If the transfer is made through paper stock transfer
- If the transfer resulted in transfer of beneficial interest

Withdrawal of specific exemption

- The specific exemption will not be withdrawn if the purchasing group company leaves the
group within 03 year from the date of transfer alongwith the shares and securities
- The specific exemption will not be withdrawn if the selling group company leaves the
group within 03 year from the date of transfer