April 2021
From today (1st April 2021) there will be a 2% Stamp Duty surcharge introduced for overseas buyers on the purchase of residential property in the UK.
The surcharge will apply to non-resident buyers regardless of the type of buyer (e.g. individual or company vehicle).
This new surcharge will be on top of the existing 3% surcharge already in place on the below;
- Properties such as buy-to-lets and second homes.
- The flat 15% Stamp Duty rate on purchases of dwellings worth more than £500,000 by companies acting as envelopes.
- The existing stamp duty rates for UK homebuyers
Non-UK resident Stamp Duty tax bands
Brackets for Overseas buyer standard rate of SDLT (April 2021)
Up to £125,000 0% – 5%
£125,001 – £250,000 2% – 7%
£250,001 – £925,000 5% – 10%
£925,001 – £1,500,000 10% – 15%
Over £1,500,000 12% – 17%
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