AS2013: Foreign property owners to pay CGT from April 2015.The article reports that the British government will introduce capital gains tax for foreign property owners from April 2015.ThomasPaulEBSCO_bspMortgage Strategy (Online Edition)
Basic rate taxpayers pay CGT at 10 per cent on assets apart from property, where they pay 18 per cent. Higher and additional rate taxpayers pay CGT on assets at 20 per cent, rising to 28 per cent on property. Individuals also have a CGT allowance, which is currently £12,300. By co...
paying cash to build my house turned out to be the best decision in 2005/06. Interest rates were about 6% at the time. To use an easy round number, it cost me about $200k to build my house. (I bought the property a few years earlier, which had already doubled in value.)...
This is on top of the £12 billion a year raised by the hated 1.25 per cent National Insurance health and social care levy, which came into force on April 6. Britons also pay VAT, council tax, fuel duty, vehicle excise duty and stamp duty tax on property purchases. On...