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Institutional investors to pay higher stamp duty for UK properties

Published Thu, Mar 17, 2016 · 09:50 PM
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London

INSURERS and pension funds, which have been buying homes in the UK as they seek to boost returns amid low interest rates, will have to pay a higher rate of stamp duty sales tax.

A three percentage point levy on landlords and second-home owners will also apply to corporate investors, Chancellor of the Exchequer George Osborne said on Wednesday.

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