By Derek Payne
As the property market lockdown looks like easing, overseas investors would do well to start to gear themselves up to take advantage of the stamp duty rate before they rise next year.
In the Budget on 11 March, it was announced that an extra 2% SDLT surcharge will apply for UK property purchase made by overseas buyers will apply from 6th April 2021. This means that buyers that are not U.K. residents could face both the 3% surcharge on buy-to-let and second home purchases, as well as this additional overseas surcharge of 2%.
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