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<p>Foreign purchasers of UK property are liable to Stamp Duty Land Tax (SDLT). Since
1 April 2016 higher rates of SDLT have been charged on purchases of additional residential
properties, such as second homes and buy-to-let properties.</p><p> </p><p>For the
purposes of the higher rates, properties owned globally are taken into consideration
when deciding whether the charges should apply to a given purchase. In addition to
this, non-residents contribute to the tax system through SDLT, council tax and potentially
capital gains tax.</p><p> </p><p>The Government believes it has the right approach
to ensuring all purchasers, including foreign investors, pay their fair share of tax.
However, all taxes are kept under review.</p>
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