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Stamp Duty Relief
If you are going to buy in the following areas, then a purchase of under £150,000 may be subject to Stamp Duty Relief
East Lindsey
Ingoldmells Mablethorpe
Sutton and Trusthorpe
Winthorpe Scarbrough
Trinity St. Clements
New Leake Chapel St. Leonards
Theddlethorpe St. Helen
Boston
Fenside Holland Fen
Consideration: the £150,000 limit
If you are purchasing a freehold residential property the consideration is the price paid for the property. This must be £150,000 or less for the purchase to qualify for disadvantaged areas relief.
If you are acquiring a residential lease, then we look separately at the premium and the rent payable under the lease.
If the lease premium is £150,000 or less and the average annual rent is £600 or less, then the premium can qualify for disadvantaged areas relief.
If the net present value of the rent is £150,000 or less, then the rent can also qualify for relief."
Visit www.hmrc.gov.uk/so/dar/dar-search.htm
and you can use this postcode search tool to help you to establish whether your property is situated in a qualifying area for disadvantaged areas relief.
| Rate | Land in disadvantaged areas - Residential | Land in disadvantaged areas - Non-residential |
All other land in the UK - Residential | All other land in the UK - Non-residential |
zero |
£0 - £150,000 |
£0 - £150,000 |
£0 - £125,000 |
£0 - £150,000 |
1% |
Over £150,000 - £250,000 |
Over £150,000 - £250,000 |
Over £125,000 - £250,000 |
Over £150,000 - £250,000 |
3% |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
4% |
Over £500,000 |
Over £500,000 |
Over £500,000 |
Over £500,000 |
