Estate Agents Warn That New
HMRC Tax Announcement
Will Put Off Willing Overseas Property Buyers
The announcement made by HMRC about altering the Government position on taxation of using foreign capital as collateral for borrowings could have a significant impact on the residential market in UK cities, especially London, according one estate […]
HMRC Tax To Deter Foreign Investment In UK
Estate Agents Warn That New
HMRC Tax Announcement
Will Put Off Willing Overseas Property Buyers
The announcement made by HMRC about altering the Government position on taxation of using foreign capital as collateral for borrowings could have a significant impact on the residential market in UK cities, especially London, according one estate agent.
Cluttons’ Head of Residential Development, Julian Briant, reckons that the new rules over the use of foreign capital in order to be able to obtain a loan in the UK will now result in a taxable remittance, making mortgages less attractive for investors hoping to use money held abroad as security.
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