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Labour looks to increase stamp duty for foreign property buyers - report

News Team, 09/05/2023

The UK Labour party looks set to increase stamp duty paid by foreign buyers, according to a report by the Financial Times.

According to the paper, manifesto plans will see a Labour government not only increasing the stamp duty paid by foreign buyers of UK property but also a restriction on the sale of new-build properties to overseas investors.

The FT said that Labour would introduce new rules so that for a certa...


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