TAX-FREE BUSINESS MILEAGE ALLOWANCE – OWN VEHICLE Cars/vans first 10,000 miles 45p per mile, then 25p Qualifying passenger 5p Motorcycles 24p per mile Bicycles 20p per mile CORPORATION TAX Year to 31/3/25 and 31/3/24 Profits Effective rate Diverted profits £0–£50,000 19.0% £50,001–£250,000 26.5% 31% £250,001 and above 25.0% Loans to participators 33.75% STAMP DUTIES AND PROPERTY TRANSACTION TAXES Stamp Duty and SDRT: Stocks and marketable securities 0.5% Additional residential and all corporate residential properties £40,000 or more – add 3% to SDLT rates, 6% to LBTT and 4% to most LTT rates England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value to 31/3/25 Residential property % Commercial property† % Up to £250,000 0 Up to £150,000 0 £250,001–£925,000 5 £150,001–£250,000 2 £925,001–£1,500,000 10 Over £250,000 5 Over £1,500,000 12 First time buyers: 0% on first £425,000 for properties up to £625,000 Non-resident purchasers: 2% surcharge on properties £40,000 or more Residential property bought by companies etc over £500,000: 15% of total consideration, subject to certain exemptions †0% for freeport and investment zone qualifying property in England only Scotland – Land and Buildings Transaction Tax (LBTT) on slices of value Residential property % Commercial property % Up to £145,000 0 Up to £150,000 0 £145,001–£250,000 2 £150,001–£250,000 1 £250,001–£325,000 5 Over £250,000 5 £325,001–£750,000 10 Over £750,000 12 First time buyers: 0% on the first £175,000 Wales – Land Transaction Tax (LTT) on slices of value Residential property % Commercial property % Up to £225,000 0 Up to £225,000 0 £225,001–£400,000 6 £225,001–£250,000 1 £400,001–£750,000 7.5 £250,001–£1,000,000 5 £750,001–£1,500,000 10 Over £1,000,000 6 Over £1,500,000 12 }
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