Stamp Duty Land Tax: Increase to the higher rates of Stamp Duty Land Tax and to the single rate payable by non-natural persons

This measure increases the higher rates of Stamp Duty Land Tax (SDLT) for purchases of additional dwellings and for purchases by companies from 3% to 5% above the standard residential rates of SDLT. This measure also increases the single rate of SDLT payable by companies and other non-natural persons purchasing dwellings over £500,000, from 15% to 17%. Both changes apply to transactions with an effective date on or after 31 October 2024.