September 25, 2023

stamp duty surcharge non uk residents

Stamp Duty Surcharge for Non UK Residents

<p> </p> <p>As of 1st April 2021 the Government has introduced a surcharge for all buyers who are non-UK Residents. This has come from the Stamp Duty Land Tax (Administration) (Amendment) Regulations 2021.</p> <p>The surcharge will be 2% of the property price and this will apply to all residential properties.</p> <p>This means that solicitors firms will now have to consider the residency of their clients when purchasing properties to ensure that they follow the new regulation.</p> <p> </p> <p>For more information please follow click this <a href="https://www.lawsociety.org.uk/topics/property/sdlt1-form-non-resident-surcharge?sc_camp=5C0FE0D28B474F6BA2EE374CB3EE601B">link</a> or this <a href="https://www.gov.uk/guidance/rates-of-stamp-duty-land-tax-for-non-uk-residents">link</a></p> <p>To calculate your Stamp Duty if you are a Non UK Resident click this <a href="https://www.stampdutycalculator.org.uk/stamp-duty-non-resident-uk.htm">link</a></p>
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