Spring Budget: Changes to Stamp Duty Land Tax on Commercial Property

Stamp Duty Land Tax (‘SDLT’) on the acquisition of commercial property will be charged on a ‘slice’ system rather than the current ‘slab’ system. This change is identical to the change that was made to SDLT on the acquisition of residential property in December 2014.

£0 – £150,000 0%
£150,001 – £250,000 2%
£250,000 + 5%


The SDLT payable on the purchase of a commercial property for £275,000 would be £3,250 under the new rules and £8,250 under the old rules.


A new 2% rate of SDLT will apply to leasehold acquisitions of commercial property where the net present value of the rent payable over the term of the lease exceeds £5m. The 2% charge applies to the excess over £5m.