Q&As

Will the higher 3 per cent rates of SDLT apply when a married couple, who are living outside of the UK, buy a second UK rental property?

read titleRead full title

Published by a ½Û×ÓÊÓƵ Tax expert
Published on: 13 November 2017
imgtext

The higher 3% rates of Stamp Duty Land Tax (SDLT) apply to a purchase of a Major interest in a single dwelling by an individual, if at the end of the day of purchase, Conditions A–D are met:

  1. •

    Condition A—the chargeable consideration is £40,000 or more

  2. •

    Condition B—the dwelling is not subject to a lease which has more than 21 years to run on the date of purchase

  3. •

    Condition C—the purchaser owns a major interest in another dwelling which has a Market Value of

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Stamp duty definition
What does Stamp duty mean?

A transfer tax payable on documents and instruments, rather than in respect of a transaction. It is most commonly encountered on the transfer of UK certificated shares, where the stock transfer form is the instrument that is stamped.

Read more readmore

Popular documents

Stamp duty reliefs—intra-group, reconstruction and acquisition reliefs

Stamp duty reliefs—intra-group, reconstruction and acquisition reliefsFORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: Following the call for evidence in 2020, the resulting outcome published in 2021 and consideration by the relevant HMRC and industry working

2% SDLT surcharge for non-residents—training materials

2% SDLT surcharge for non-residents—training materialsThese Training Materials cover the 2% stamp duty land tax (SDLT) surcharge that applies from 1 April 2021 to acquisitions of residential property in England and Northern Ireland by non-UK residents. They consist of template PowerPoint slides and

SDLT—multiple dwellings relief

SDLT—multiple dwellings reliefFORTHCOMING CHANGE relating to residential and non-residential property and multiple dwellings relief: HMRC consulted until 22 February 2022 on possible changes to (a) the way stamp duty land tax (SDLT) is calculated in respect of purchases of mixed use property, and

Growth market exemption from stamp duty and SDRT

Growth market exemption from stamp duty and SDRTFORTHCOMING CHANGE: Autumn Finance Bill 2023 (AFB 2023, which is also known as FB 2024) includes a measure (which was first announced at Autumn Statement 2023) to widen the growth market exemption from stamp duty and SDRT, with effect from 1