The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2021/13, introduce a new SDLT 1 form which will be required from 1 April 2021 when the non-resident SDLT surcharge comes into force. From that date, SDLT rates for non-UK residents will be 2% higher than those that apply to purchases made by UK residents, and will apply for purchases of both freehold and leasehold property. The Regulations also make transitional provision for forms delivered in respect of land transactions where the effective date is before 1 April 2021.
The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2021/13, introduce a new SDLT 1 form which will be required from 1 April 2021 when the non-resident SDLT surcharge comes into force. From that date, SDLT rates for non-UK residents will be 2% higher than those that apply to purchases made by UK residents, and will apply for purchases of both freehold and leasehold property. The Regulations also make transitional provision for forms delivered in respect of land transactions where the effective date is before 1 April 2021.
