New Stamp Duty Charge Could Free Up Competition For UK Landlords

The property industry will be hoping that housing is a top priority in the upcoming Budget. One housing measure that is expected to get the green light is the move to introduce a 3% stamp duty surcharge on the purchase of homes by non-UK tax residents. The new surcharge is set to sit on top of the existing stamp duty amount for the property and the current 3% levy on the purchase of second homes or buy-to-let properties. This means many overseas investors will be hit with a sizeable tax bill when they buy property in England. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/hero/new-stamp-duty-charge-could-free-up-competition-for-uk-landlords.html