Stamp Duties

Conveyance or transfer on sale:

Instrument

- Stock transfer	0.5%
- Conversion of shares into depository receipts	1.5%

Purchase by company of own shares

Letters of abatement

0.5%

Other (e.g. transfer or conveyance of freehold property)

Up to £60,000	nil
£60,001 -£250,000	1%
£250,001 -£500,000	3%
Over £500,000	4%

Note: Stamp duty is to be abolished for property transactions in some disadvantaged communities.

Did you know?

That in 2000/01 the government raised £8.2 billion from stamp duty, an increase of £1.3 billion compared to the previous year. The increase was mainly due to the additional duties arising from enhanced land and property values.