Will UK tax foreign-owned property sales? Osborne to announce decision on Dec 4

He refuses to confirm talk of capital gains tax

[LONDON] A UK Treasury minister signalled that foreigners who own British homes will find out next month whether the government will slap an unprecedented tax on property sales.

"You'll have to wait for the Autumn Statement" on Dec 4, when Chancellor of the Exchequer George Osborne presents new economic forecasts, Financial Secretary to the Treasury Sajid Javid said in an interview, when asked whether the government is planning a capital gains tax on foreign investors selling property in the UK.


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