Higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties
Last updated: 29 Jan 2016
- Consulting body:
- HM Treasury
- 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.