Stamp Duty Land Tax: non-UK resident surcharge consultation
Download the full outcome
Detail of outcome
This document provides a summary of the responses to the consultation and the government’s decisions on the final policy design. The non-UK resident surcharge will apply from 1st April 2021 and be legislated for in finance bill 2020-21.
Following this consultation, the government has published draft legislation, and explanatory note and a tax information and impact note (TIIN).
Original consultation
Consultation description
The government is committed to helping more people into home ownership but there is evidence that purchases of property by non-UK residents is pushing up house prices for UK residents. The government will therefore consult on a Stamp Duty Land Tax (SDLT) surcharge on non-UK residents purchasing residential properties in England and Northern Ireland. The non-UK resident surcharge will apply to purchases of residential property made by non-UK resident individuals and certain non-natural persons. The surcharge will apply to freehold and leasehold purchases of residential property and will be at a rate of 1% on top of all existing SDLT rates, including the rates applicable to the rental element of leasehold property.
Documents
Last updated 21 July 2020 + show all updates
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Updated with final outcome.
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First published.