Tories plan stamp duty hike on non-UK residents

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General election 2019: Tories plan stamp duty hike on non-UK residents

suggested foreign buyers did not just push up prices at the high-end of the property market, but there was a"trickle down" effect to less expensive properties, and that cities outside London also felt the effect.

The Conservatives are now proposing a surcharge of 3%, to be paid in addition to all other stamp duty charges. Polly Neate, chief executive of housing charity Shelter, welcomed the commitment to invest in services to support rough sleepers. "We want the next government to deliver at least 90,000 new social homes a year over the next parliament to help end this emergency."The main parties have set out competing proposals to address the UK's housing shortage, ahead of 12 December's general election.

 

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