Combating the Laundering of Proceeds of Crime: European Standards and Criminal Code of Ukraine (monograph)
This section makes modifications of Part 4 of the Finance Act 2003 in relation to any land transaction the effective date of which falls in the period (“the initial temporary relief period”)—
beginning with 8 July 2020, and
ending with 30 June 2021.
Part of relevant consideration Percentage So much as does not exceed £500,000 0% So much as exceeds £500,000 but does not exceed £925,000 5% So much as exceeds £925,000 but does not exceed £1,500,000 10% The remainder (if any) 12%
Part of relevant consideration Percentage So much as does not exceed £500,000 3% So much as exceeds £500,000 but does not exceed £925,000 8% So much as exceeds £925,000 but does not exceed £1,500,000 13% The remainder (if any) 15%
Rate bands Percentage £0 to £500,000 0% Over £500,000 1%
Part 4 of the Finance Act 2003 has effect as if section 57B and Schedule 6ZA (which concern relief for first-time buyers) were omitted (and, accordingly, Schedule 9 is to have effect as if paragraphs 15 to 16 were omitted).
In a case where— section 44(8) of that Act is not to apply in relation to that conveyance if the sole reason that (but for this subsection) it would have applied is the reason given by subsection (6A).
as a result of section 44(4) of the Finance Act 2003 the effective date of a land transaction falls in the initial temporary relief period, and
the contract concerned is completed by a conveyance after that period ends,
For this purpose, the sole reason is either—
that the modifications made by subsections (2) to (5) have no effect in relation to that conveyance, or
that both paragraph (a) applies and the increased rates provided for by section 51 of the Finance Act 2025 would have had effect in relation to that conveyance.
Section 44(10) of the Finance Act 2003 applies for the purposes of subsection (6).
This section makes modifications of Part 4 of the Finance Act 2003 in relation to any land transaction the effective date of which falls in the period (“the further temporary relief period”)—
beginning with 1 July 2021, and
ending with 30 September 2021.
Part of relevant consideration Percentage So much as does not exceed £250,000 0% So much as exceeds £250,000 but does not exceed £925,000 5% So much as exceeds £925,000 but does not exceed £1,500,000 10% The remainder (if any) 12%
Part of relevant consideration Percentage So much as does not exceed £250,000 3% So much as exceeds £250,000 but does not exceed £925,000 8% So much as exceeds £925,000 but does not exceed £1,500,000 13% The remainder (if any) 15%
Rate bands Percentage £0 to £250,000 0% Over £250,000 1%
In a case where— section 44(8) of that Act is not to apply in relation to that conveyance if the sole reason that (but for this subsection) it would have applied is the reason given by subsection (5A).
as a result of section 44(4) of the Finance Act 2003 the effective date of a land transaction falls in the further temporary relief period, and
the contract concerned is completed by a conveyance after that period ends,
For this purpose, the sole reason is either—
that the modifications made by this section have no effect in relation to that conveyance, or
that both paragraph (a) applies and the increased rates provided for by section 50 or 51 of the Finance Act 2025 would have had effect in relation to that conveyance.
Section 44(10) of the Finance Act 2003 applies for the purposes of subsection (5).
This Act may be cited as the Stamp Duty Land Tax (Temporary Relief) Act 2020.