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Government considering extra ‘mansion tax’ charge for overseas property owners
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investment-international.comUtmost warns tax on wealthy non-resident property owners will be detrimental to UK
Utmost global wealth specialist Marc Acheson says government plans to levy an additional non-resident premium on expats who own properties worth more than £2m would accelerate the exodus of wealthy international individuals and damage the UK's reputation. The government’s proposals would be in addition to the mansion tax, The Telegraph reports. Acheson said the plans would also be unlikely to raise the levels of revenue anticipates as more peo…
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