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 changed with effect from Budget Day to bring them more into line with the mechanism for charging SDLT on residential property. On and after 17 March 2016, SDLT will be charged at each rate on the portion of the purchase price which falls within each rate band. The new rates and thresholds for freehold purchases and leases premiums are:

Purchase price SDLT rate cumulative
Up to £150,000 NIL NIL
£150,001 - £250,000 2% £2,000
£250,001 and over 5% (no maximum)

Note also that the additional 3% SDLT charge on additional residences commences on 1 April 2016

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