Property Hit by Tax Dodgers

‘Ross Clark comments in the Thunderer column that tax dodgers are choking London’s property market.

He notes that in Switzerland the number of foreign nationals allowed to buy property is strictly controlled by quota and asks: “Why do we allow our housing stock to be commandeered as instruments of speculative investment by individuals and companies which do not even pay tax in the UK?”

He concludes that every city needs to make its property market work for people who live and work there, and that London is failing miserably to do this. He adds that it will continue to do so until foreign speculators are banned.’

Source: The Times  

Myfanwy Neville

Partner: Property and Construction, Sustainability and ESG

T +44 (0)20 8922 9376
E Myfanwy.Neville@bkl.co.uk

View Profile