You are here

COMMENTARY

Investing in UK property has become more complicated

Proposed new property tax increases existing rates of stamp duty by 3% for investors buying second homes or investment properties

BT_20160115_UKPROPF6BP_2067945.jpg
Regardless if you are a Singaporean or an expat living in Singapore, investing in the UK property market (perhaps for your retirement) if you already own at least one residential property anywhere - the increased tax rate will apply to you.

WHILE many were enjoying their Christmas festivities recently, the UK Treasury showed a distinct lack of holiday spirit towards investors in the British residential property market. A Consultation Document issued with little fanfare on Dec 28 - in the middle of the traditional holiday period -