For the full article by EPrivateClient: EPrivateClient – UK government rumoured to be considering ‘non-resident premium’ on properties worth £2m+
Phineas’ comments have been reproduced below with kind permission.
Phineas Hirsch, a partner at Payne Hicks Beach, agreed that the levy could “undermine the government’s purported desire to demonstrate that the UK is ‘open for business’.”
“Many overseas owners are already significant contributors to the UK economy and an additional levy is likely to further deter international investment into the UK,” he said.
For further information, please contact Phineas Hirsch. Alternatively, telephone 020 7465 4300.
