From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

  1. Home
  2. Policy
  3. Consultation responses
  4. Higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties

Higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties

Last updated: 29 Jan 2016

Consulting body:
HM Treasury
Status:
Closed
Period of consultation:
Runs from 28 December 2015 to 1 February 2016
CML action:
Response submitted

HM Treasury announced in the Autumn Statement 2015 a Five Point Plan for housing which included the introduction of higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties.

The Government released an additional document on this matter on 14 April 2016. The document confirms the Government's intention to amend the rules for the higher rates of stamp duty land tax (SDLT). The amendment applies to individuals funding purchases under an Alternative Finance Transaction.

The amendment to the rules will be made at the first possible opportunity and will be backdated to 1 April 2016.