Tax Free Savings and Stamp Taxes

Tax Free Savings

Limits

2020-21

2021-22

ISA annual limit

£20,000

£20,000

Junior ISA/CTF annual limit )

£9,000

£9,000

Lifetime ISA annual limit

£4,000

£4,000

Help to Buy ISA monthly limit

£200

£200

Lifetime ISA annual limit

£4,000

£4,000

Stamp Taxes

1st April 2021 to 30th June 2021

2020-21

Shares and marketable securities

0.50%

Transfers of land and buildings (2)

Rate

Residential (on band of consideration) (3,4)

£0-£500,000

0%

£500,000-£925,000

5%

£925,000-£1.5m

10%

£1.5m+

12%

Standard Rate From 1st October Onwards

2020-21

£0-£500,000

0%

£500,000-£925,000

5%

£925,000-£1.5m

10%

£1.5m+

  1. Rounded up to the nearest multiple of £5. Transactions of value £1,000 or less exempt.
  2. Transfers of land in Scotland are chargeable to land and buildings transaction tax, and in Wales to land transaction tax. Different rates of tax may apply.
  3. Where consideration exceeds £500,000 and the purchase is by, or by a partnership including a company/collective investment scheme enveloping the property, the rate is 15% of the total consideration.
  4. Rates are increased by 3 percentage points for certain purchases including purchases of additional residential properties by individuals. Transactions under £40,000 are excluded.

12%

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