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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

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 -...

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