The government will publish a consultation in January 2019 on a stamp duty land tax (SDLT) surcharge of 1% for non-residents buying residential property in England and Northern Ireland.
Non-residents buying residential property in England and Northern Ireland.
The proposed introduction date is currently unknown.
This was previously announced at the Conservative Party conference. At a level of only 1% rather than the 3% higher rate of SDLT on additional dwellings, the measure is likely to increase the tax take but not significantly change the amount of property purchased by non-residents.