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Chinese millionaires dodge stamp duty using 'buyers' clubs' for prime London property


Chinese millionaires dodge stamp duty using buyers clubs for prime London property
Arrangements circumvent new taxes and cut revenue for the Government by 60pc
1 April 2021 • 5:00am
Chinese millionaires are saving hundreds of thousands of pounds in UK taxes by clubbing together to purchase prime London properties, sidestepping new stamp duty charges for foreign buyers.
A 2pc stamp duty surcharge on residential property transactions, announced by Chancellor Rishi Sunak in the 2020 Budget, applies to offshore investors from April 1.
It is the latest in a series of rule changes designed to discourage people from outside of the country buying up property as stores of value and not as homes, a trend which has helped exacerbate Britain’s housing crisis. ....

United Kingdom , City Of , John Fiskett , Blick Rothenberg , Sean Randall , Chancellor Rishi Sunak , Telegraph Money , Stamp Duty , London Property , Hm Revenue Amp Customs , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ப்ளிக் ரோதன்பெர்க் , சீன் ரேண்டால் , அதிபர் ரிஷி சுனக் , தந்தி பணம் , முத்திரை கடமை , லண்டன் ப்ராபர்டீ , ஹ்ம் வருவாய் ஆம்ப் சுங்க ,

London's rental market has hit rock bottom – but could soon bounce back


London s rental market has hit rock bottom – but could soon bounce back
In some parts of the capital rents have fallen by 22pc, but renter registrations are now up 44pc year-on-year
Renters have moved further away from their offices, causing central London prices to plunge 17.7pc
Rents of homes in central London plunged in February at the fastest rate recorded since the start of the pandemic. But landlords and tenants in the capital are already preparing for a post-lockdown bounce.
Meanwhile, short-term lets have been shifted onto the long-term market and renters moved out of town to find space for home offices. Central London rents last month were down 17.7pc year-on-year, according to Hamptons International estate agents. ....

United Kingdom , City Of , Ted Phillips , Richard Davies , Kay Neufeld , Aneisha Beveridge , Centre For Economics , Business Research , Canary Wharf , Middle East , Mo Ney , Uk Property , Buy To Let , Renting Property , London Property , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , எட் பிலிப்ஸ் , ரிச்சர்ட் டேவிஸ் , காய் நியூஃபெல்ட் , மையம் க்கு பொருளாதாரம் , வணிக ஆராய்ச்சி , கேனரி வார்ஃப் , நடுத்தர கிழக்கு , இங்கிலாந்து ப்ராபர்டீ , வாங்க க்கு விடுங்கள் ,