Stamp duties can arise on property and share transactions, but the applicable rules depend on what is being acquired and where.
Stamp Duty Land Tax applies to land transactions in England and Northern Ireland. Scotland and Wales operate their own property transaction taxes.
Property purchases
The buyer is responsible for the relevant return and payment, although a solicitor commonly handles these. Confirm the obligations as part of the transaction timetable.
The charge depends on the type of property, consideration and circumstances of the buyer. Residential, non-residential and mixed-use transactions can have different treatment.
Additional-property rules, purchases by companies and first-time buyer relief all require separate consideration. Do not assume the price alone determines the tax.
See the GOV.UK Stamp Duty Land Tax guide for current rates, reliefs and links to the devolved taxes.
Leases
A new lease can involve a premium and rent. These may need separate calculations. The treatment of an assigned existing lease can differ.
Provide the complete lease terms, including contingent payments and any VAT, when asking for a calculation.
Shares and securities
Purchases of shares can involve Stamp Duty or Stamp Duty Reserve Tax, depending on the transaction and how it is settled. An intermediary may arrange payment, but check rather than assume.
The official share-purchase guidance explains the current charges and exemptions. Property and share transactions should each be reviewed under the rules that actually apply to them.