Stamp Duty

A tax on documents relating to specific transactions, share transfers and property transactions. The rates of duty are as follows:

Documents - Dependent on the type of documentation and the nature of the transaction.

Share Transfers - 0.5% of the consideration for the transfer of the shares.

Property - 0% up to £125,000; 1%, £125,001 to £250,000; 3% £250,001 to £500,000; 4% £500,001 to £1,000,000; 5% over £1,000,000. First time buyers are exempt from Stamp Duty for purchases up up to £250,000 until 24 March 2012.