The property industry will be hoping that housing is a
top priority in the upcoming Budget. One housing measure that is expected to
get the green light is the move to introduce a 3% stamp duty surcharge on the
purchase of homes by non-UK tax residents. The new surcharge is set to sit on
top of the existing stamp duty amount for the property and the current 3% levy
on the purchase of second homes or buy-to-let properties. This means many overseas
investors will be hit with a sizeable tax bill when they buy property in
England. Read more on the Property Reporter website.
No 10 dismisses Reeves’s reported plan for freeze on private rents
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Downing Street says focus will remain on cutting bills, backing renters and
lowering energy prices
Downing Street has dismissed the idea of a freeze on p...
10 hours ago
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