Stamp Duty Rise for Non-residents
Big Ben and Westminster Bridge at sunset, London, UK

Stamp Duty Rise for Non-residents

The Chancellor has announced that from 1st April 2021 overseas buyers will be exposed to a 2% stamp duty land tax (SDLT) surcharge. This will be charged on top of existing SDLT charges. The UK government has introduced this charge to “help make house prices more affordable” for residents.

So, any overseas property investor, if you spend less than 183 day in the UK per annum, will be required to pay this additional tax on a property investment. This increase in purchasing costs could be offset by short-letting the property rather than AST (depending on location). 

Currently the government have implemented a SDLT holiday on properties up to a value of £500K.