The latest SDLT rates can be found at the following link: http://www.hmrc.gov.uk/sdlt/rates-thresholds.htm
There is also a useful Calculator which will work out the SDLT payable for a transaction and this can be found at the following link: http://www.hmrc.gov.uk/so/new-sdlt-calculators.htm
Where the transaction concerns buying a new lease with a substantial rent there may be addition SDLT charges to the shown above based on rent.
leases of less than 21 years
In is important to note that the temporary threshold (Â£175,000) for property transactions is not applicable where (a) the assignment of existing lease which has less than 21 years to run and (b) the grant of a lease is for a term that is less than 21 years. Genereally, the thresholds of Â£125,000 however, where the property is situated in a disadvantaged area the threshold is Â£150,000.
Purchases in a “disadvantaged area”
Where a property is situated in what the government would define as “disadvantaged” there is since 3 September 2008 this scheme will be running up untill 31 December 2009 and applies to residential purchases.
Rent, SDLT for new leases
It should be noted that when a new lease is granted and that lease has a “substantial annual rent”, SDLT is payable in the lease premium itslef and the “net present value” of the rent payable – these two figures are determined separatly and then added to give the total amount payable this rule is axiomatic.