A summary of when non-residents have to pay additional Stamp Duty Land Tax on property purchases.
Stamp Duty Land Tax (SDLT) is a compulsory tax which must be paid if you buy a property over a certain price in England. The current SDLT threshold for residential properties is £500,000; however, this is changing from the 30thJune 2021. From 1st April 2021, a new SDLT rate was introduced for buyers of residential…