buy-to-leave

[AtW]

No, that's totally different. Companies are not avoiding or evading stamp duty. It doesn't apply to them, they are never given the chance to get out of paying it,

[d000hg]

Does anyone actually know if the new rules DO apply to foreign property purchasers? Or shall we just carry on arguing based on supposition and, in AtW's case, heavily biased ignorance?

[BrilloPad]

shall we just carry on arguing based on supposition and, in AtW's case, heavily biased ignorance?

Extrapolation and generalisation. As ever.

[SueEllen]

link one linky

Companies pay 15% on properties over £500,000 except those that are:

• a property rental business
• property developers and trader
• property made available to the public
• financial institutions acquiring property in the course of lending
• property occupied by employees
• farmhouses

[d000hg]

OK. It's all the foreigners' fault.

[SueEllen]

link two linky
link three linky

Non residents don't face increased stamp duty when they buy a property however they pay CGT when they sell it.

From 6th April 2015, all gains on property will be subject to 18% or 28% capital gains tax (CGT) when held personally (depending on the individual’s total taxable gains and UK income for that year).

[AtW]

Non residents don't face increased stamp duty when they buy a property however they pay CGT when they sell it.

They will never sell the property.

Only the nominee owner will change hands...

[SueEllen]

They will never sell the property.

Only the nominee owner will change hands...

You think Gideon would screw his foreign party donors funneled through British hands?

[PurpleGorilla]

OK. It's all the foreigners' fault.

Late to the party, and jumping on the band wagon.

BTL is simply a way of impoverishing the young.