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The UK plans to introduce a new tax on real estate for foreigners

11.11.2013
Homesoverseas.ru editorial office
41
The UK authorities are planning to introduce a new tax on real estate to foreigners, probably that will help stop the rapid rise in house prices in the country, especially in the capital, reported the online source Property Wire with reference to George Osborne, finance minister of the country. Now the owners of buildings in the UK to pay tax on the sale of 18% and 28%, if the object is not the main housing. People who own property but do not live in the UK, currently exempt from this tax. Some analysts believe that the introduction of a tax on the sale of property to foreigners equalize foreign and local buyers and help curb rising prices on the London real estate market, which is mainly caused by the high demand from foreign buyers. HomesOverseas.ru
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