We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

Government announces stamp duty surcharge for overseas buyers of UK property

08 Oct 2018

The government recently announced that it intends to introduce a new stamp duty surcharge of 1% to 3% for foreign buyers of UK property.

Prime Minister Theresa May announced the new surcharge during the Conservative party conference.

The surcharge forms part of the Prime Minister's plans to tackle the housing crisis and the issue of homelessness in the UK, alongside the 'inequalities' associated with home ownership.

Commenting on the surcharge, the Prime Minister said: 'For too many people, the dream of home ownership has become all too distant, and the indignity of rough sleeping remains all too real. This government is committed to helping hardworking British residents get the right home for them, and helping to end the scourge of rough sleeping for good.'

However, the plans have been met with criticism. Guy Bradshaw, Director of Central London Sales and Lettings at UK Sotheby's International Realty, said: 'The announcement of a foreign buyer tax is disappointing and very badly timed. Post-Brexit Britain should be open to the world and this simply sends exactly the opposite message.'

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2018 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.