| VAT | ||||
|---|---|---|---|---|
| Standard rate | 20% | |||
| Registration level | from 1.4.12 | £77,000 | until 31.3.12 | £73,000 |
| De-registration limit | from 1.4.12 | £75,000 | until 31.3.12 | £71,000 |
| Stamp Duty Land Tax | |
|---|---|
| On documents transferring residential property: | |
| Value up to £125,000 |
Nil |
| £125,001 - £250,000 |
1% |
| £250,001 - £500,000 |
3% |
| £500,001 - £1,000,000 |
4% |
| £1,000,001 - £2,000,000 | 5% |
| £2,000,001 + | 7% * |
* From 22 March 2012
Anti-avoidance measure
With effect from 21 March 2012, a 15% rate could apply where residential property worth over £2,000,000 is purchased via a corporate entity, partnership or collective investment scheme.
Become a client
If you wish to become a client of Coutts, please complete this form or contact us on +44 (0)20 7753 1365.
Become a client