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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
31.3.2017
0.5m - 1m
3,500
3,500
1m - 2m  
7,050
7,000
2m - 5m
23,550
23,350
5 - 10m
54,950
54,450
10m - 20m
110,100
109,050
20m +
220,350
218,200



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


Residential property (1st property only)
SDLT*
Rate on band
LBTT
Rate on abnd
,000's
%
,000's
%
Up to 125
Nil
Up to 145
Nil
125-250
2%
145-250
2%
250-925
5%
250-325
5%
925-1,500
10%
325-750
10%
Over 1,500
12%
Over 750
12%

A supplement of 3% of the total purchase price applies for both SDLT and LBTT where a second home is purchased for more than 40,000 from 1 April 2016.

*A rate of 15% applies to the total purchase 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
Rate on band
LBTT
Rate on band
,000's
%
,000's
%
Up to 150
Nil
Up to 150
Nil
150-250
2%
150-350
3%
Over 250
5%
Over 350
4.5%









Tax rates

Tax rates 2016/17
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