As the deadline looms, International buyers looking to take advantage of the U.K. Stamp Duty Holiday and ahead of the 2% non-resident surcharge coming into effect 1 April 2021 need to act sooner rather than later.
For property purchases that complete before 31 March 2021, international buyers will enjoy savings on both counts. When put into context, a buyer of a £1 million property will save £35,000 in stamp duty, whereas the savings for a £3 million property is equivalent to £75,000.
|Saving for non-resident, non-first-time buyer before 1st April, 2021 end of SDLT holiday and introduction of 2% overseas buyer surcharge
With reference to the table provided above, these are some potential savings that non-UK residents can still take advantage of before the deadline.
Price from: £1,050,000
Combined SDLT saving: £52,500 (est. SG $94,400)
Located only moments from Hampstead Village, Hampstead Manor embraces all qualities that have long made this one of Britain’s most desirable postcodes. Within its close vicinity are several schools and local amenities. Rich in history, the unique site features almost two centuries’ worth of architectural and interior design. Offering 12 spacious buildings, 125 luxury Hampstead homes are set within new build residences, delicately restored conversions and a number of Grade II listed buildings.
Price from: £830,000
Combined SDLT saving: £41,500 (est. SG $74,600)
Offering a modern garden square living in West London, Lillie Square is a distinctive development in Earls Court, one of London’s prime residential address. Exceptional apartments, townhouses and penthouses are available for anyone with any need.
Price from: £1,595,000
Combined SDLT saving: £79,750 (est. SG $143,400)
Lincoln Square is a unique offering for residents looking to own a high-quality residence in one of London’s finest neighbourhoods. Complete with 24 hour concierge, landscaped gardens and 17,000 square feet of amenities for resident’s exclusive use. As one of London’s best-connected developments, famous sites of London are within walking distance to embrace the surrounding heritage in addition to the City’s ever evolving skyline, with an example of Convent Garden being a 12 minutes’ walk away. Lincoln Square is also close to three of London’s finest education institutions, with London School of Economics (LSE), University College London (UCL) and King’s College London within its vicinity.
Gasholders, King’s Cross
Price from: £775,000
Combined SDLT saving: £38,750 (est. SG $69,700)
Featuring remarking contemporary design and cutting-edge engineering, Gasholders London is built within a refurbished triplet of Grade II-listed, cast-iron gasholder guide frames. There are 145 distinctive apartments and penthouses set within three new cylinders of apartments, along with accessible and quality building amenities, including business suites, lounge, a conference room, an entertainment suite, gymnasium etcetera, bringing quality living and location to your neighbourhood.
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