Housing Market May See Spike In Overseas Buyers Ahead Of Stamp Duty Surcharge

A stamp duty surcharge for non-UK residents is set to come into force next year – and could spark a scramble among overseas investors to buy properties before it kicks in. From April 1 2021, the Government will introduce a 2% stamp duty surcharge for non-UK residents purchasing homes in England and Northern Ireland. Budget documents said the move will help to control house price inflation and to support UK residents to get on to and move up the housing ladder. The money raised from the surcharge will be used to help tackle rough sleeping. Read more on the Belfast Telegraph website.

https://www.belfasttelegraph.co.uk/news/uk/housing-market-may-see-spike-in-overseas-buyers-ahead-of-stamp-duty-surcharge-39036394.html