Stamp Duty Land Tax: reform of charging provisions for non-residential property
This legislation changes the rules for calculating the Stamp Duty Land Tax (SDLT) charged on purchases of non-residential properties and transactions involving a mixture of residential and non-residential properties and is effective on and after 17 March 2016.
On and after 17 March 2016, SDLT will be charged at each rate on the portion of the purchase price of a freehold which falls within each rate band and a new 2% rate for rent paid under a non-residential lease will be introduced where the net present value of the rent is above £5 million.
Related forms and guidance
Stamp Duty Land Tax: reform of structure, rates and thresholds for non-residential land transactions
Guidance on the changes that are being made and how they will affect non-residential property transactions from 17 March 2016.