Mortgage Protection

Stamp Duty (Land Tax Rates) from 23/03/06

Please note that the applicable rate of Stamp Duty Land Tax must be applied to the whole of the consideration paid to acquire the land / buildings.

Land transactions with an effective date on or after 23 March 2006

Transfers of land and buildings (consideration paid)

Rate	Land in disadvantaged areas - residential	Land in disadvantaged areas - non-residential	All other land in the UK - residential	All other land in the UK - non-residential
Zero	£0 - £150,000	£0 - £150,000	£0 - £125,000	£0 - £150,000
1%	Over £150,000 - £250,000	Over £150,000 - £250,000	Over £125,000 - £250,000	Over £150,000 - £250,000
3%	Over £250,000 - £500,000	Over £250,000 - £500,000	Over £250,000 - £500,000	Over £250,000 - £500,000
4%	Over £500,000	Over £500,000	Over £500,000	Over £500,000

N.B. Disadvantaged Area Relief for non-residential land transactions is not available for non-residential land transactions with an effective date on or after 17 March 2005.

However the relief is preserved for:

• the completion of contracts entered into and substantially performed on or before 16 March 2005
• the completion or substantial performance of other contracts entered into on or before 16 March 2005, provided that there is no variation or assignment of the contract or sub-sale of the property after 16 March 2005 and that the transaction is not in consequence of the exercise after 16 March 2005 of an option or right of pre-emption.

For more details please refer to HM Revenue & Customs, Stamp Taxes Rates.