When the stamp duty surcharge does not apply

The stamp duty surcharge does not apply to certain purchasers, property and transactions.

Purchasers

The surcharge does not apply to a UK resident close company that is either a:

• Property Authorised Investment Fund (PAIF)
• body corporate that is a 51% subsidiary of a PAIF
• UK Real Estate Investment Trust (REIT)
• company that is a member of a group UK REIT

Property

The surcharge does not apply to purchases of property, or part of a property, if the property is either a:

• non-residential property
• mixture of residential and non-residential, for example, a shop with a flat above it, unless a claim to Multiple Dwellings Relief is made

The surcharge also does not apply to property you lease if your lease is for 7 years or less, on the date it was granted.