Non-UK residents face SDLT surcharge from 1 April
By Gary Adams 1
st April 2021 9:55 am
Non-UK residents who wish to buy a property in England and Northern Ireland will have to pay a 2 per cent stamp duty land tax surcharge from today, 1 April.
The surcharge applies to freehold and leasehold property purchase and on rents on the grant of a new lease. Purchasers who intend to live in the property must pay the surcharge.
Additionally, some UK resident companies that are controlled by non-UK residents will be liable.
Government guidelines state that individual buyers will be able to have the surcharge refunded if they are present in the UK for at least 183 days during any continuous 365-day period within two years referenced by the date of transaction.
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