London Luxury Homes Face New Hit as UK Plans Foreign Buyer Tax

London Luxury Homes Face New Hit as UK Plans Foreign Buyer Tax

Theresa May announces new tax on foreign property investors to help tackle rough sleeping

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The Prime Minister will announce plans to levy a new stamp duty of up to three per cent on individuals and companies not paying tax in this country.

The proceeds of the tax, which will be applied on top of existing rates, have been earmarked for schemes in the governments rough sleeping strategy.

The announcement, on the first day of Conservative Party conference in Birmingham, is likely to be seen as an attempt to fight Jeremy Corbyn on his own turf after a series of eye-grabbing pledges at…

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