If you’re purchasing commercial property and the cost is between £150,000 and £250,000, Stamp Duty of 1% is charged on the whole of the purchase price. This increases to 3% of the total purchase price if the cost of the property is between £250,000 and £500,000. 4% is charged on commercial properties costing £500,000 or more.
If you’re leasing your property, the amount of SDLT depends on how long your lease is and the amount of rent you’ll pay per year. Our commercial property solicitors can calculate your exposure to SDLT before you sign your lease so you know what is payable from the outset.