Stamp Duty Land Tax: Foreign Nationals

(asked on 22nd October 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 October 2019 to Question 1587 on Sleeping Rough, what assessment he has made of the effect of increasing the Stamp Duty Land Tax surcharge on non-UK residents buying residential property to three per cent on the prevalence of rough sleeping in (a) Northern Ireland and (b) England.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 28th October 2019

The Government has previously announced that the non-resident Stamp Duty Land Tax (SDLT) surcharge will be set at 1%. A costing for how much the surcharge will raise will be produced at a future fiscal event once the final design of the surcharge has been confirmed. This costing will follow the usual process for analysing the revenue impacts of new tax measures, including being subject to scrutiny from the Office for Budget Responsibility.

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