Conservatives

Conservatives pledge to raise stamp duty for non-UK residents



The Conservative party has announced that it will increase stamp duty for individuals and companies not tax resident in the UK.

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At its party conference, it revealed that this could raise up to £120m which will be used to help rough sleepers.

The Conservatives added that stamp duty has been abolished for 80% of first-time buyers, which will help families get a foot on the housing ladder.

“At the moment, foreign individuals and companies who don’t live in the UK can buy homes as easily as people who actually live here - driving up house prices and making homes less affordable for ordinary people,” the party stated.

“Britain will always be open to people coming here to live, work and build a life. 

“Our plan for more homes will help them have the opportunity of a great place to live and raise a family.”

Last month, the government introduced two new housing funds to help deliver 300,000 new homes a year by the mid-2020s.



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