IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2015 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On December 4, 2013, Chancellor of the Exchequer George Osborne delivered his Autumn Statement to Parliament. In it, he announced the introduction of a capital gains tax on foreign non-resident property owners (those with permanent residence in Britain are already subject to the tax), in a bid to curb the soaring house prices in Britain, and particularly in London. According to the statement, the tax - of which the details are yet to be communicated - should be introduced in April 2015.

AFFECTED COUNTRIES

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