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Stamp Duty Land Tax (SDLT) is charged at 17% on residential properties costing more than 拢500,000 bought by certain corporate bodies or 鈥榥on-natural persons鈥�. These include:

• companies
• partnerships where one or more of the partners is a company
• collective investment schemes

The 17% rate does not apply to residential property bought by a company that is acting as a trustee of a settlement.

These bodies may also need to pay Annual Tax on Enveloped Dwellings.

Relief from the 17% higher rate charge

Relief may be available if the property is:

• used in a property rental business
• bought by a property developer or trader
• used in a trade involving making the property available to the public
• bought by a financial institution in the course of lending
• occupied by employees of the purchaser
• a farmhouse
• bought by a qualifying housing co-operative

You must meet the conditions that apply for each relief.

The 鈥楬omes for Ukraine鈥� Sponsorship Scheme and relief from the 17% higher rate charge

If you already have relief from the 17% higher rate charge at the time you buy the property, you can continue to get this if the property is used under the 鈥楬omes for Ukraine鈥� Sponsorship Scheme.

Relief will not be withdrawn if either:

• the property is occupied by people under the scheme
• you鈥檙e taking steps, without delay, to use the property as part of the scheme

Find out more about relief for the 鈥楬omes for Ukraine鈥� Sponsorship Scheme and withdrawal of relief and the 鈥楬omes for Ukraine鈥� Sponsorship Scheme.

Additional surcharges

There is a 5% surcharge on residential properties bought by companies. Find more information about higher rates of Stamp Duty Land Tax.

There is also a 2% surcharge on residential properties in England and Northern Ireland bought by non-UK residents on or after 1 April 2021. The 2% surcharge applies on top of all other residential rates of SDLT including the 5% higher rate surcharge.

More information is available on the rates for non-UK residents.