ANNOUNCEMENT 01 Apr 2015

In April 2015, the British government announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Reuters, October 31, 2013, 'Britain considers taxing foreign property investors as house prices soar': http://uk.reuters.com/article/2013/10/31/uk-britain-property-tax-idUKBRE99U0B820131031
HM Treasury, Autumn Statement 2013 (see page 71): https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/263942/35062_Autumn_Statement_2013.pdf


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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A