Yesterday’s announcement that foreign owners of property will be liable for CGT from April 2015 is unlikely to encourage those owners to sell up, as it will only apply to future gains. But the move to tighten CGT rules aimed at investors and second home owners from next April was not expected, and could lead to a small boost in housing coming onto the market in the first quarter of next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services