New tax changes in the UK are set to create an “exodus of foreign residents”, a new piece in The Telegraph has revealed.
With many left feeling apprehensive about the future of the UK property market since these latest changes were announced, Black Brick’s Founder, Camilla Dell has weighed in on the debate:
“[I believe my] clients are more worried by the CGT changes than the 30,000 levy. I have clients with multiple investment properties in London who, after April, will have to pay CGT, and are planning to sell before then” she said.
“The result will be that we’ll suddenly have a lot of non-doms selling at the same time and there’ll be more choice and flexibility at the top end of the market, something we haven’t seen for the past 18 months.”
Read more in the full article here.
