Budget Summary 2011 Introduction Income Tax Tax Credits and Benefits National Insurance Employees Savings and Investment Capital Gains Tax Inheritance Tax Corporation Tax Business Tax Value Added Tax Stamp Duty Land Tax Other Measures Income Tax Rates and Allowances National Insurance Contributions

Stamp Duty Land Tax Rates No further changes to SDLT rates were announced. This confirms that the rate on transfers of residential property for more than £1m will increase from 4% to 5% on 6 April 2011. Rates on sales % of Total Consideration Shares and marketable securities (nil if value up to £1,000) 0.5% Land 0 - threshold NIL   Threshold - £250,000 1%   £250,001 - £500,000 3%   £500,001 and over (all properties) 4%   Over £1M (residential from 6.4.2011) 5% The threshold is:   £125,000 general residential property     £150,000 residential in "disadvantaged areas"     £150,000 commercial property   For the two years to 24.3.2012, first time buyers can claim relief from SDLT on purchases of up to £250,000 for property they intend to live in.