| The rates are as follows: |
| Consideration\Premium | Rate |
| Less than £150,000 | Exempt |
| £150,001 - £200,000 | 3% |
| £200,001 - £250,000 | 3.75% |
| £250,001 - £300,000 | 4.5% |
| £300,001 - £500,000 | 7.5% |
| Over £500,000 | 5% |
| There is a limited extension of this rate to a person who is acquiring a second home, having divorced or is separated, provided certain criteria are met. In addition to the Stamp Duties, if the house purchased by a first time purchaser is of a grant size and has a Floor Area Certificate, then it is entirely exempt from stamp duty, regardless of the price, and the purchaser will also be entitled to a grant from the Department of the Environment. |
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| 2. Second or subsequent buyers of a residential premises used by the purchasers as their permanent residence. |
| Consideration\Premium | Rate |
| Less than £100,000 | Exempt |
| £100,001 - £150,000 | 3% |
| £150,001 - £200,000 | 4% |
| £200,001 - £250,000 | 5% |
| £250,001 - £300,000 | 6% |
| £300,001 - £500,000 | 7.5% |
| Over £500,000 | 9% |
| 3. Purchasers of Residential Property not occupied as principal residence. |
| The Stamp Duty applicable in these circumstances is a straight 9% of the purchase price. In addition there is a capital charge of 2% per annum for the first 3 years. |
| 4. Non Residential Property - this covers sites and commercial property. |
| The Stamp Duty applicable in these circumstances is a straight 9% of the purchase price. In addition there is a capital charge of 2% per annum for the first 3 years. |
| Consideration\Premium | Rate |
| Less than £50,000 | Exempt |
| £5,001 - £10,000 | 1% |
| £10,001 - £15,000 | 2% |
| £15,001 - £25,000 | 3% |
| £25,001 - £50,000 | 4% |
| £50,001 - £60,000 | 5% |
| Over £60,000 | 6% |
| In addition to Stamp Duty on the Deed of Transfer, the purchasers generally will also be obtaining a Mortgage. Stamp Duty is paid on the Mortgage at the rate of £1.00 per £1,000.00 plus £10.00. |
| Once documentation in relation to the house and Mortgage is stamped, it must be lodged in the Land Registry for registration. Land Registry fees are payable on houses up to £200,000.00 of £300.00. If the transaction involves creating a new Folio number for the Purchaser, the Land Registry will charge an additional £50.00 and £100.00 for the Mortgage. The following lists the Land Registry charges. |
