Enveloped property transaction tax
Use our calculator to work out how much tax you'll need to pay.
An additional £90 is charged on each relevant transaction.
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Enveloped Property Transaction Tax calculator
Rates of enveloped property transaction tax
EPTT is calculated on the market value of the enveloped property. The rate of duty varies depending upon the type of transaction.
The standard charge is £90 plus an amount calculated per the standard EPTT bands.
For residential property, the higher rate is charged on the acquisition of a significant interest in any dwelling other than that to be used as a main residence.
Freehold rates
Freehold residential property
500,000 to 700,000
| £8,000 in respect of the first £500,000 plus 3% on the excess
|
700,000 to 1,000,000
| £14,000 in respect of the first £700,000 plus 3.5% on the excess
|
| 1,000,000 to 1,500,000 | £24,500 in respect of the first £1,000,000 plus 4.5% on the excess
|
1,500,000 to 2,000,000
| £47,000 in respect of the first £1,500,000 plus 5.5% on the excess
|
2,000,000 to 3,000,000
| £74,500 in respect of the first £2,000,000 plus 7.5% on the excess
|
3,000,000 to 6,000,000
| £149,500 in respect of the first £3,000,000 plus 10% on the excess
|
over 6,000,000
| £449,500 in respect of the first £6,000,000 plus 11% on the excess
|
Freehold commercial property
700,000 to 1,000,000
| £13,000 in respect of the first £700,000 plus 3% on the excess
|
1,000,000 to 1,500,000
| £22,000 in respect of the first £1,000,000 plus 3.5% on the excess
|
1,500,000 to 2,000,000
| £39,500 in respect of the first £1,500,000 plus 4% on the excess
|
| over 2,000,000 | £59,500 in respect of the first £2,000,000 plus 5% on the excess
|
Freehold higher rate transactions
500,000 to 700,000
| £23,000 in respect of the first £500,000 plus 6% on the excess
|
700,000 to 1,000,000
| £35,000 in respect of the first £700,000 plus 6.5% on the excess
|
1,000,000 to 1,500,000
| £54,500 in respect of the first £1,000,000 plus 7.5% on the excess
|
1,500,000 to 2,000,000
| £92,000 in respect of the first £1,500,000 plus 8.5% on the excess
|
2,000,000 to 3,000,000
| £134,500 in respect of the first £2,000,000 plus 10.5% on the excess
|
3,000,000 to 6,000,000
| £239,500 in respect of the first £3,000,000 plus 13% on the excess
|
over 6,000,000
| £629,500 in respect of the first £6,000,000 plus 14% on the excess
|
Rates for contract leases
The market value of a property held on a contract lease is calculated as:
£(ARxYR)
AR
| the annual rental, or the normal market rate if the annual rental is lower
|
YR
| whichever is the lower of the number of years remaining on the lease at the date of transaction or 21 years
|
EPTT is calculated using the market value as calculated above.
The charge is £90 plus an amount calculated as per the EPTT bands.
500,000 for residential property
| £3,500 in respect of the first £500,000 plus 0.75% on the excess
|
500,000 for higher rate transactions
| £18,500 in respect of the first £500,000 plus 3.75 on the excess
|
700,000 for commercial property
| £5,000 in respect of the first £700,000 plus 0.75% on the excess
|
gov.je