Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Stamp duty definition

What does Stamp duty mean? Stamp duty is a documentary tax on instruments that transfer certain assets, most commonly UK certificated shares. In practice, it is paid on the executed stock transfer form, which must be stamped before the transferee can be registered. The charge is imposed by UK legislation (principally the Stamp Act 1891, as amended) and arises on execution of the instrument; HMRC collects the duty via the stamping process, with penalties and interest for late stamping. Reliefs and exemptions exist (for example for certain intra-group transfers and charities). For electronic or uncertificated share transfers, stamp duty reserve tax (SDRT) generally applies instead; where...

SDLT 2% surcharge for non-resident purchasers of dwellings: scope, residence tests, company control, rates and administration (England and Northern Ireland)

Published by a LexisNexis Tax expert

Practice notes

From 1 April 2021, non‑UK residents purchasing residential property in England and Northern Ireland are liable for a 2% surcharge in addition to the standard Stamp Duty Land Tax (SDLT) rates for homes. This PrACTice Note explains when that additional charge applies. SDLT on residential transactions is intricate: several different rate structures may apply to a single purchase and, from 1 April 2021, the 2% uplift introduces a further band. SDLT does not apply in Scotland or Wales; for Scottish land and buildings transaction tax (LBTT) and Welsh land transaction tax (LTT), refer to the LBTT subtopic and the LTT subtopic...

Background

The government proposed a surcharge for non‑residents acquiring homes in England and Northern Ireland at Budget 2018, confirmed it at Spring Budget 2020, and ran a consultation until 6 May 2019. Following that consultation, draft legislation was published and then enacted in Finance Act 2021. The 2% non‑resident surcharge is designed to temper purchases of dwellings by non‑residents and, in doing so, is intended to help moderate house price inflation...

When does the 2% surcharge apply?

This Practice Note sets out the circumstances in which the 2% surcharge applies...

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Web page updated on 27/05/2026

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