UK election result good news for Asians

PropertyGuru

24 May 2015 at 10:26 pm

Asian investors should take huge comfort in the Conservative win - particularly where they may have invested in residential property and specifically in the buy-to-let sector. The final result of a Conservative majority should come as a huge relief to both overseas buyers and owners generally of London residential property. The main reasons being:

No mansion tax as proposed by both the previous coalition and Ed Millibands Labour party.

No price cap on rental properties.

Five years of a Conservative majority government without interference from the coalition.

The possibility of a reduction in stamp duty.

No threat of the non-domicile tax benefit being removed.

Andrew Langton is Chairman of Aylesford International.

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