U.K. Property Sales-Tax Increase to Include Overseas Homeowners

U.K. Property Sales-Tax Increase to Include Overseas Homeowners
The U.K. government’s plan to increase sales taxes on second homes in Britain will also apply to people who live abroad. From April, buyers of second homes and buy-to-let properties in the U.K. will be subject to stamp-duty sales tax that’s 3 percentage points higher than those who are buying a home to live in, U.K. Chancellor of the Exchequer George Osborne announced in November.