Interesting and unexpected changes to the way SDLT is to be calculated for commercial properties will apply from midnight tonight. SDLT will now be calculated by reference to a series of SDLT rates that apply to the amount of consideration falling within each band. The new bands are:

Chargeable Consideration

Up to £150,000                                           0%

Over £150,000 and up to £250,000         2%

Over £250,000                                             5%

Given that SDLT on residential properties already follows this approach perhaps these changes should not come as a surprise.....