This article by Ryan Littlestone of forexlive on October 31st, 2013 tells us how the UK minister considers applying capital gains tax to foreign owners of UK property.
According to Reuters who are citing
Sky news, A UK finance minister is considering applying capital gains
tax to foreign owners of property in the UK.
It’s a long borne out discussion that foreigners snapping up
properties is leading to the current strong price rises we are seeing. I
don’t see that as the main reason as that affects up market properties
in town centres rather than your average housing.
The move looks two fold. One to nab some tax pounds and another to nail down foreign investors and their dealings.
No doubt we’ll be hearing more of this as the day progresses.
Article Source: http://www.forexlive.com/blog/2013/10/31/uk-looking-to-tax-foreign-property-owners-31-october-2013/
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