Stamp Duty non-UK Residents

SDLT rates & calculations for non-UK residents

Advertisement

Stamp Duty News

Stamp duty for first time buyers has been abolished for most purchasers.

Stamp duty for buy to let property has increased substantially from April 2016.

Stamp duty for second homes also attracts a 3 percent surcharge from April. Mobile homes, caravans and houseboats are exempt.

Stamp duty refunds are available for home movers replacing their main residence. The original home must be sold within 3 years.

Stamp duty calculations are different in England and Northern Ireland to LBTT calculations in Scotland and LTT calculations in Wales.

Stamp Duty for Non-UK Residents

Under new proposals non-UK residents will pay more in stamp duty from April 2021.

The content on this page should be used for guidance only and will be updated as more information becomes available.

Stamp duty changes

An increase to stamp duty for non-UK residents was announced by the Chancellor Rishi Sunak in the 2020 Budget.

From April 2021 anyone living overseas will pay an additional 2 percent in stamp duty if they buy a property in England or Northern Ireland.

The Government hope that the new stamp duty surcharge could take some heat out of the London property market where foreign investment is high. This in turn could help control house price inflation which could make housing more affordable for UK residents.

Anyone who is non-UK tax resident will be liable for the new surcharge. The surcharge will also apply to British Expats working and living overseas.

Overseas buyers who already own a home will pay the new 2% surcharge in addition to the existing 3% charge levied on additional property purchases.

If the 2% increase is applied to the whole purchase price, for an additional property the top rate of stamp duty will now be 17%.

The Government plans to use the extra stamp duty revenue to provide around 6000 new homes for the homeless.

Non-resident SDLT rates

Current and proposed stamp duty rates for non-UK residents buying an additional property are shown in the table below:

Tax Band Current Rate New Rate
less than £125k 3%* 5%*
£125k to £250k 5% 7%
£250k to £925k 8% 10%
£925k to £1.5m 13% 15%
rest over £1.5m 15% 17%
* An additional property purchased for less than £40k will attract 0% tax.

Non-resident stamp duty calculator

The stamp duty calculators below show SDLT calculations before and after April 2021. The calculations are based on the purchase of an additional property located in England or Northern Ireland.

The new calculations assume that the non resident surcharge of 2% is applied to the whole purchase price and the initial threshold for purchases below £40k is preserved. Calculations will be updated as more information becomes available.

For UK resident calculations please use our instant Stamp Duty Calculator.

Before April 2021


Purchase Price

(Enter numbers only)

Calculate


Show Full Calculation

After April 2021


Purchase Price

(Enter numbers only)

Calculate


Show Full Calculation
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound.
SDLT Calculator

Stamp duty calculations with new stamp duty thresholds. One ckick SDLT Calculations!

SDLT Rates

UK stamp duty rates showing new and old SDLT thresholds. Instantly check UK SDLT rates.

LTT Calculator

Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.

LBTT Calculator

Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).