Prime Minister unveils enhanced stamp duty levy on foreign buyers - property reacts

Theresa May, Tory Conference 2017

Prime Minister Theresa May has made the first of several expected housing announcements from the Conservative Party Conference in Birmingham, unveiling an enhanced stamp duty tax on foreign buyers of new homes.

The government will levy a new stamp duty of 1-3% on individuals and companies not paying tax in this country. May told the BBC’s Andrew Marr Show that it “cannot be right that those who don’t live in the UK can buy properties as easily as British residents”.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue