For companies purchasing properties above £500,000, what is the SDLT rate that applies?

When it comes to the Stamp Duty Land Tax (SDLT) in the UK, the rate applicable for commercial properties purchased for more than £500,000 is indeed 15%. This rate applies to higher-value transactions involving non-residential properties or mixed-use properties.

The 15% SDLT is specifically set for purchases above the £500,000 threshold and is part of the structured escalation of rates that apply to property transactions in the UK. This escalated rate is reflective of the government's approach to tax higher-value transactions, often aimed at investors and corporations who make significant property investments.

In contrast, lower rates such as 0%, 5%, or 10% apply to lesser property values or different classifications of real estate (for example, residential properties under certain thresholds). Therefore, for a commercial property transaction exceeding the £500,000 mark, the SDLT of 15% is the correct and applicable rate.