The threshold for Stamp Duty Land Tax on residential transactions is raised from £60,000 to £120,000 for the transactions completed after 17 March 2005. The threshold for residential transactions in designated disadvantaged areas remains at £150,000. Where the transaction exceeds these two limits (as appropriate) but does not exceed £250,000, SDLT is payable at 1 per cent. The higher rates of SDLT and the thresholds remain unchanged.