Detailed guide: Stamp Duty Land Tax: corporate bodies

Updated: Guidance and link added to page explaining there is a 3% surcharge on residential properties bought by companies for under £500,000.

Stamp Duty Land Tax (SDLT) is charged at 15% on residential properties costing more than £500,000 bought by certain corporate bodies – or ‘non-natural persons’. These include:

  • companies
  • partnerships including companies
  • collective investment schemes

These bodies may also need to pay Annual Tax on Enveloped Dwellings.

The 15% rate doesn’t apply to property bought by a company that is acting as a trustee of a settlement or bought by a company to be used for:

  • a property rental business
  • property developers and trader
  • property made available to the public
  • financial institutions acquiring property in the course of lending
  • property occupied by employees
  • farmhouses

The standard residential rate of SDLT applies in these cases. These exclusions are subject to specific conditions.

There is a 3% surcharge on residential properties bought by companies for under £500,000. Please read Stamp Duty Land Tax: buying an additional residential property for further information.

Source: HMRC

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