Investing in UK property has become more complicated

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 - provided more detail on raises to property taxes announced in November. It might have left some investors choking on their post-Christmas turkey sandwiches.

In a nutshell, the proposed tax is similar to the Additional Buyer Stamp Duty (ABSD) which already exists in Sing…