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    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price ex

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    There are no restrictions on the ownership of real estate in the United Kingdom by non-residents and, other than the matters which influence the choice of the property itself, perhaps the most important factor to be taken into account is the impact of the various forms of taxation which will be encountered. These can be divided into direct and indirect taxes:

    Indirect taxes

    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price exc

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    at some 60% of London residential property was owned by offshore companies. London real estate has also performed well in investment terms.

    There are no restrictions on the ownership of real estate in the United Kingdom by non-residents and, other than the matters which influence the choice of the property itself, perhaps the most important factor to be taken into account is the impact of the various forms of taxation which will be encountered. These can be divided into direct and indirect taxes:

    Indirect taxes

    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price ex

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    he ownership of real estate in the United Kingdom by non-residents and, other than the matters which influence the choice of the property itself, perhaps the most important factor to be taken into account is the impact of the various forms of taxation which will be encountered. These can be divided into direct and indirect taxes:

    Indirect taxes

    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price ex

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    or to be taken into account is the impact of the various forms of taxation which will be encountered. These can be divided into direct and indirect taxes:

    Indirect taxes

    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price ex

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    Stamp duty

    Stamp duty is levied on the purchase price at rates, which range from 1% for a property costing ?125,000, to 4% where the purchase price exceeds ?500,000.

    Council tax

    This tax is levied by the Local Authority. The rate is set annually and depends on the locality, the size of the property and its value.

    Direct taxes

    The United Kingdom levies three main forms of direct taxation:

    Income tax - This tax will not apply to an owner occupier.

    Capital gains tax - Non –residents are exempt from capital gains tax in respect of property held only as an investment.

    Inheritance tax - For which any investor holding assets in the United Kingdom is potentially liable. Fortunately it is avoided easily by the purchaser who has a foreign domicile.

    Inheritance tax

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