It was announced in the UK budget on 29 October 2018, that there will be an additional 1% SDLT payable by non-residents on the purchase of UK residential property.
This is yet to be included in legislation, but this is expected to be in addition to the 3% SDLT surcharge on the purchase of an additional home in the UK (even if the purchaser’s main home is overseas).
The Government will publish a consultation in January 2019 on this SDLT surcharge of 1% for non-residents.
Please also see blog Stamp Duty Land Tax for overseas investors
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