Stamp Duty: rates on land transfers before December 2003
Rates of Stamp Duty on land transfers before December 2003
Information about the rates for Stamp Duty (SD) on land transfers from March 2000. For transfers after December 2003, see our guide on Stamp Duty Land Tax.
Freehold property
The rates below are based on the certificate of value in the transfer document.
SD rates:freehold conveyances and transfers - 28 Mar 2000 to 30 Nov 2003
| Certified transfer value | Rate |
|---|---|
| £60,000 | nil |
| £250,000 | 1% |
| £500,000 | 3% |
| Uncertified | 4% |
For rates before 2000, see the Stamp Taxes Manual appendix C pages 324-34.
For conveyances and transfers from 1 December 2003 SDLT applies, see the rates and allowances for SDLT.
Leasehold property: average rent of lease
The rates in the table below are based on the average rent of the lease.
Stamp Duty rates: leasehold - average rent
| Term of lease | Rate |
|---|---|
| 7 years or less - annual rent £5000 or less | nil |
| 7 years or less - annual rent more than £5000 | 1% |
| 7 - 35 years | 2% |
| 35 - 100 years | 12% |
| Over 100 years | 24% |
For rates before 2000, see the Stamp Taxes Manual appendix C pages 324-34.
For conveyances and transfers from 1 December 2003 SDLT applies, see the rates and allowances for SDLT.
Leasehold property: lease premium
The rates below are based on the certified value in the transfer document.
Stamp Duty rates: leasehold - on lease premium
| Certified value Rate | Rate |
|---|---|
| £60,000 annual rent £600 or less | nil |
| £250,000 | 1% |
| £500,000 | 3% |
| More than £500,000 | 4% |
For rates before 2000, see the Stamp Taxes Manual appendix C pages 324-34.
For conveyances and transfers from 1 December 2003 SDLT applies, see the rates and allowances for SDLT.