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UK sees surge of overseas home buyers rushing to beat tax hike

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Published Thu, Mar 12, 2020 · 09:50 PM

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THE UK government is witnessing a surge in overseas buyers rushing to snap up homes in Britain before a new sales tax kicks in next year.

The 2 per cent tax on non-resident home buyers that comes into effect in April 2021 was included in the budget presented by Chancellor of the Exchequer Rishi Sunak on Wednesday.

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