Overseas investors continue to cash in on property boom

In the Autumn statement of 2014, the Chancellor announced a change to capital gains tax (CGT) rules for overseas investors buying UK residential property. From April 2015, foreign investors would also pay tax on gains in value on UK residential properties they own. This has had little impact in distracting continued investment in UK property from overseas investors.  We at Valufin continue to see a huge increase in clients as overseas investors look for a safe haven for their money.