Value Added Tax and Stamp Duty Land Tax

Value Added Tax
Standard Rate 15%*
Registration level from 01.05.09 £68,000 to 30.04.09 £67,000
De-registration limit from 01.05.09 £66,000 to 30.04.09 £65,000

*15% applies from 1 December 2008. From 1 January 2010 the rate reverts back to 17.5%.

Stamp Duty Land Tax
On documents transferring residential property from 1.1.09           to 31.12.09
Value under £125,000 Nil                           Nil
£125,001-£175,000 1%                         Nil
£175,001-£250,000 1%                         1%
£250,001-£500,000 3%                         3%
£500,001+ 4%                         4%