| 2008/09 | 2007/08 | |
| Stocks and shares | 0.5% | 0.5% |
| Stamp duty reserve tax | 0.5% | 0.5% |
Stamp duty land tax on property
| 2008/09 | 2007/08 | |
| £0-£125,000 (£0-£125,000) (a) (b) | 0% | 0% |
| £125,001-£250,000 (£125,001-£250,000) (a) (b) | 1% | 1% |
| £250,001-£500,000 (£250,001-£500,000) (b) | 3% | 3% |
| £500,001 or more (£500,001 or more) (b) | 4% | 4% |
All figures are calculated inclusive of VAT if any. Rates apply to the full amount.
(a) £150,000 (£150,000) for non-residential rather than £125,000 (£125,000)
(b) For residential property in 'disadvantaged areas' the 0% rate extends to £150,000
On leases the rate is (broadly) 1% of the discounted rental values under the lease over the £125,000 (£125,000) limit for residential land and property and £150,000 (£150,000) limit for non-residential land and property.