Q&As

Do the 3% higher rates of stamp duty land tax apply to an acquisition of residential property (as a buy-to-let) in the UK when the individual rents (but does not own) a property abroad?

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Published on LexisPSL on 13/12/2017

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • Do the 3% higher rates of stamp duty land tax apply to an acquisition of residential property (as a buy-to-let) in the UK when the individual rents (but does not own) a property abroad?

Do the 3% higher rates of stamp duty land tax apply to an acquisition of residential property (as a buy-to-let) in the UK when the individual rents (but does not own) a property abroad?

The higher rates will apply to the 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

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