Astons, an international consultancy specialising in investors’ residency and citizenship has uncovered the secret of the tax savings that overseas property buyers can make. They claim that overseas investors are more prone to buying UK property in bulk which not only allows them to take advantage of the current stamp duty holiday but to also invest before the additional two per cent SDLT surcharge for foreign purchasers coming into effect in April 2021.
The firm predicts that if an investor purchases at least 6 residential units in one transaction, the buyer will be able to secure non-residential stamp duty rates starting at just two per cent from £150,001 to £250,000 and five per cent above the £250,000 threshold.
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Read the full article here: Landlord Today
