Non-Resident Stamp Duty

Stamp Duty on 2nd Properties Increased

The Chancellor of the Exchequer, Rachel Reeves, introduced her first budget today, and it was a big one. There was a big increase in tax on businesses and individuals with additional sources of income, and an increase in the level of stamp duty payable on second properties was also announced. Currently there is a 3% […]

Stamp Duty Charge for Overseas Buyers

The Chancellor of the Exchequer, Rishi Sunak, has just announced in his first budget speech on 11 March 2020, that there will be a surcharge on property purchases for overseas buyers buying property in the UK. The surcharge was stated to be 2% on top of the standard rates, and this would take effect from […]

Consultation Open for New 1% Surcharge for Overseas Buyers

The government announced in the 2018 Budget that they were proposing a new surcharge on UK property purchases of an extra 1% of the purchase price where the buyer (or one of the buyers) is not a UK resident. The consultation process for that proposal has begun and will end on 6th May 2019. The […]

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