For non-residential properties priced up to £150,000, what SDLT rate applies?

For non-residential properties priced up to £150,000, the applicable Stamp Duty Land Tax (SDLT) rate is 0%. This means that no tax is due on the purchase of such properties at this price point, which is a significant relief for buyers.

The structure of SDLT is designed to promote transactions in the property market, especially for lower-value properties. The 0% rate incentivizes purchases up to this threshold, making it more affordable for individuals and businesses to enter the non-residential property market.

Rates above £150,000 would then apply higher percentages, but since the focus is on properties priced at or below that amount, the 0% rate is the correct answer. This helps to encourage investment and turnover in the sector without imposing immediate financial burdens on buyers at this entry-level segment.