Non – UK Resident Stamp Duty

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%