'Zero likelihood' tax rise for overseas buyers will be scrapped

'Zero likelihood' tax rise for overseas buyers will be scrapped

A tax expert says that there is 'zero likelihood' of the government changing its mind on stamp duty changes for overseas buyers coming into force next year.

From April 1 2021, overseas purchasers will have to pay a 2% surcharge on residential transactions in a bid to level the playing field between domestic and foreign buyers.
There has been speculation that due to the twin uncertainties of Brexit and the Covid-19 pandemic, the government could change its mind about introducing the additional tax.
However, speaking to Knight Frank, Sean Randall, partner at Blick Rothenberg and chair of the Stamp Taxes Practitioners Group, which has been consulting with the government in recent weeks on the overseas surcharge, says any change from the government is at this stage unlikely.
To continue reading this article, please click here
Source: Estate Agent Today


Get in touch with us

When comparing homes, price often grabs the headlines, yet space can be just as important. New floor area data reveals that the average home in Attleborough is 7.3% larger than the UK average. But the picture changes dramatically when you compare detached, semi-detached, terraced homes and flats across the local market.

Considering a move to East Harling? Join us for an in-depth exploration of 22 Mount Pleasant Drive, a charming modern three-bedroom detached house that could be your perfect next chapter. Let's uncover what makes this property a compelling choice for buyers.

The opening fortnight can shape your entire sale. As August 2026 approaches, discover how launch price, timing and buyer readiness can turn early attention into a stronger offer.

Too many homeowners believe they can start high and reduce later if needed. The reality is very different. New 2026 market data shows that nearly two in three successful sellers achieved their asking price without a reduction. Here's why accurate pricing from day one gives you the best chance of securing a successful move. Click to learn more...