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Autumn Statement 2013: key points for the property market

Autumn Statement 2013: key points for the property market

To a recession-enfeebled British public, the Chancellor’s decision to impose a tax on wealthy foreigners comes not so much as a piece of bad news, as a positive shot in the arm.

 

Many people feel it is only fair that, as from April 2015, Mr Osborne has decided to make overseas investors pay capital gains tax (28 per cent) on the profit they make when they sell their UK properties. After all, that’s what British second homeowners are required to do.

 

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