top cx logo
cx logo
Explorearrow down
search icon

Stamp duty on UK purchase

As a French resident living in rented accommodation in France, owning no property either in France or the UK, what stamp duty is payable should I buy a property in the UK? Would I be liable for the increased level that foreign purchasers must pay?  C.M.

Rates of UK stamp duty can be found on the HMRC website at gov.uk/stamp-duty-land-tax/residential-property-rates.

Up to £125,000 there is no tax, then there is 2% up to £250,000 (see the site for further bands and a duty calculator).

As a resident of France you would pay the same rates as a UK resident.

There is no specific higher rate for foreign purchasers, only a higher rate for those who already own property anywhere else in the world.

Those to whom the latter applies should visit gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property.

 

Reader's query answered by Hugh MacDonald

The Connexion welcomes queries and regularly publishes a selection with answers. However, please note that we cannot enter into individual correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.

Send your financial query to news@connexionfrance.com

The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Healthcare in France*
Featured Help Guide
- Understand the French healthcare system, how you access it and how you are reimbursed - Useful if you are new to the French healthcare system or want a more in-depth understanding - Reader question and answer section Aimed at non-French nationals living here, the guide gives an overview of what you are (and are not) covered for. There is also information for second-home owners and regular visitors.
Get news, views and information from France