UK Property

Sovereign wealth funds investing in UK property are set to be saddled with new taxes that will put existing investment structures "firmly under the spotlight". Chancellor John Healey and prime minister Andy Burnham The new sovereign tax status will see foreign governments, heads of state, wholly owned state entities and sovereign wealth funds taxed on income and gains from UK property from the start of 2029. Labour hopes to soften the blow of ending the longstanding tax-free status of foreign sovereign investors by offering a lower tax rate of 15%...

Sovereign wealth funds investing in UK property are set to be saddled with new taxes that will put existing investment structures "firmly under the spotlight". Chancellor John Healey and prime minister Andy Burnham The new sovereign tax status will see foreign governments, heads of state, wholly owned state entities and sovereign wealth funds taxed on income and gains from UK property from the start of 2029. Labour hopes to soften the blow of ending the longstanding tax-free status of foreign sovereign investors by offering a lower tax rate of 15%...