Foreign individuals and companies who buy properties in the UK will be forced to pay higher levels of stamp duty under Conservative proposals.
The Tories say the surcharge on people who are not tax resident in the UK will help more Britons get on the housing ladder, as well as fund efforts to tackle rough sleeping.
Estimates suggest the measure, which would be enforced if the Tories win a majority in next month’s election, would raise up to £120m a year.
Via Sky News
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