Stamp tax


View Deloitte's summary and analysis on the measures affecting stamp tax announced in the 2012 Budget.

 

New stamp duty land tax rate for properties bought for more than £2 million

There will be a new stamp duty land tax (SDLT) rate of 7% charged on residential properties acquired for more than £2 million.



Amendment to sub-sale relief

An amendment to sub-sale relief to make it clear that it does not apply to the grant or assignment of options.




Extension of the proposed GAAR to cover stamp duty land tax

The General Anti-Avoidance Rule (GAAR) will also be extended to cover SDLT.



New consultation on an annual levy for properties held by companies worth over £2 million

Consultation is announced on an annual, valued based levy where residential properties over £2 million are held by companies.