Freeports – stamp duty land tax relief

The measure

The government has announced the location of eight Freeports within England. As previously announced, a new relief from stamp duty land tax (SDLT) in relation to Freeports in England will be introduced. Once designated tax sites within these Freeports have been confirmed, full relief from SDLT will be made available for purchases of land or property, subject to that land or property being acquired and used in a qualifying manner and subject to a control period of up to three years.  


Who will be affected?

Purchasers of land and buildings situated inside designated Freeport tax sites located in England. 


When will the measure come into effect?

Relief will be available for purchases made between the date of designation of a tax site and 30 September 2026. The relief will be legislated for in Finance Bill 2021. 

Our view

Freeports are intended to support the policy of levelling up the towns, cities and regions of the United Kingdom. We consider that this new SDLT relief will help to incentivise investment in land and buildings in Freeport tax sites in England.