Policy paper

Stamp Duty Land Tax: Increase to the higher rates of Stamp Duty Land Tax and to the single rate payable by non-natural persons

This measure is about changes to the rates of Stamp Duty Land Tax payable by purchasers of additional dwellings and by companies.

• From: HM Revenue & Customs
• Published: 30 October 2024

Applies to England and Northern Ireland

Documents

Stamp Duty Land Tax — increase to the higher rates on additional dwellings and to the single rate of tax on purchases by non-natural persons

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Draft legislation

PDF, 137 KB, 3 pages

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Draft legislation (accessible version)

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Details

This measure increases the higher rates of Stamp Duty Land Tax (SDLT) for purchases of additional dwellings and for purchases by companies from 3% to 5% above the standard residential rates of SDLT. This measure also increases the single rate of SDLT payable by companies and other non-natural persons purchasing dwellings over £500,000, from 15% to 17%. Both changes apply to transactions with an effective date on or after 31 October 2024.

Published 30 October 2024