The National: a Middle Eastern Daily - quotes Louise Reynolds on SDLT for expats
  • Facebook
  • Linkedin
  • youtube
  • instagram

Tel: +44 (0)1932 849536

The National

29th January 2021

Excerpt of Louise Reynolds' views on the Stamp Duty Land Tax (SDLT) and how it affects Expats

The National SM Post

SDLT holiday and Overseas Buyer SDLT surcharge

The National - a Regional Daily Newspaper in the Middle East - interviewed Louise Reynolds about the effect of the withdrawal of the Stamp Duty Holiday on Expat buyers and the additional Overseas Buyer 2% surcharge coming in April 2021.

‘…Other buyers could be put off, says Louise Reynolds, who runs Property Venture®, a property agency based in Surrey where she acts as a buying agent for expatriates looking to buy in the UK.

She experienced a flurry of interest from clients hoping to make a saving in the run-up to the SDLT changes.

One Dubai client with a budget of about £250,000 hopes to save £6,700 in stamp duty by getting the deal across the line before March 31.

“The surcharge will really make expat investors think twice. They will be more price sensitive and may well only move if they can get distressed stock to try and compensate for the increase in tax," said Ms Reynolds.

“All of these fees can be offset against capital gains tax when they exit so it’s not completely lost money but it depends on what their strategy is. Certainly in the high price brackets, it's going to make a big difference.”

Our clients get regular updates on hot deals and the latest changes in the property market. Want these? Go here

Please get in contact to chat your plans through by telephone +44 (0) 1932 849 536 or contact us

Property Venture® is an award-winning, Boutique investment property specialist that helps time-strapped entrepreneurs and expats enrich their lives through property investment in Europe.

Members of the Property Redress Scheme (PRS). On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say