The much-predicted imposition of Capital Gains Tax on foreign individuals buying in the UK has just been announced by the Chancellor in his latest Autumn Statement.  Ordinarily this tax could make sense. However, it is the third tax imposed on the property sector when you add the Stamp Duty and Maintenance Tax changes of the Budget of 2012 where the rate was increased by 300% from 5-15% for corporate bodies and an annual Maintenance Tax of up to £150,000 also applied. Continue reading →