{"id":43843,"date":"2017-02-12T23:04:20","date_gmt":"2017-02-12T16:04:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-billionaires-in-london-choosing-to-rent-to-avoid-stamp-duty\/"},"modified":"2017-02-12T23:12:18","modified_gmt":"2017-02-12T16:12:18","slug":"foreign-billionaires-in-london-choosing-to-rent-to-avoid-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-billionaires-in-london-choosing-to-rent-to-avoid-stamp-duty\/","title":{"rendered":"Foreign billionaires in London choosing to rent to avoid stamp duty"},"content":{"rendered":"


\nNumber of lettings costing more than \u00a33,000 a week increased by 28% in the last three months of 2016, research showsForeign billionaires are renting rather than buying luxury homes following increases in tax bills on upmarket properties. Lettings that cost more than \u00a33,000 a week \u2013 \u00a3156,000 a year \u2013 increased by 28% in the last three months of 2016, according to research by the property data service LonRes.The number of prime central London lettings has been steadily rising since the introduction in April 2016 of a 15% stamp duty tax on properties bought via offshore trusts, and a three percentage point surcharge on stamp duty on second homes. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Foreign billionaires in London choosing to rent to avoid stamp duty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Number of lettings costing more than \u00a33,000 a week increased by 28% in the last...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43843","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bp9","jetpack-related-posts":[{"id":47857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-average-annual-rents-fall-for-first-time-in-six-years\/","url_meta":{"origin":43843,"position":0},"title":"UK average annual rents fall for first time in six years","date":"March 13, 2017","format":false,"excerpt":"\r Buying frenzy ahead of 2016 stamp duty hike pushed up supply of new homes for letting by 10%, Countrywide figures show Rents in Britain have recorded their first annual drop for six years, according to the UK\u2019s biggest estate and lettings agency.In February, the average rent in Britain was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-cut-fails-to-help-first-time-buyers-business-live\/","url_meta":{"origin":43843,"position":1},"title":"Stamp duty cut fails to help first-time buyers – business live","date":"January 18, 2018","format":false,"excerpt":"\r Chancellor Philip Hammond\u2019s attempt to help first-time buyers onto the housing ladder isn\u2019t working, says Britain\u2019s chartered surveyorsRICS: Stamp duty cut for first-time buyers hasn\u2019t helpedBut London surveyors are more hopeful 9.04am GMT Ouch! Britain\u2019s largest estate agency has issued an unexpected profits warning, sending it shares slumping.Countrywide, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-posh-home-lettings-hit-record-high\/","url_meta":{"origin":43843,"position":2},"title":"London posh-home lettings hit record high","date":"February 19, 2018","format":false,"excerpt":"\r Houses in prime areas of capital fetching up to \u00a318,000-a-week rent as demand rises Six- and seven-bedroom houses in Notting Hill and Primrose Hill were among a record number of properties rented out at \u00a35,000-plus a week in London last year.Upmarket estate agent Knight Frank reported the number of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-property-rents-in-london-set-to-see-recovery-in-2016-report-predicts\/","url_meta":{"origin":43843,"position":3},"title":"Prime property rents in London set to see recovery in 2016, report predicts","date":"December 31, 2015","format":false,"excerpt":"\r January will be the start of the prime property lettings season in London, kick starting a recovery in top end rents in 2016, according to a new outlook report.Throughout 2015, the pace of rent rises in London slowed, and weaker activity at the top tiers of the lettings market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/super-rich-renting-london-homes-for-5000-plus-a-week-amid-brexit-worries\/","url_meta":{"origin":43843,"position":4},"title":"Super-rich renting London homes for \u00a35,000-plus a week amid Brexit worries","date":"October 7, 2019","format":false,"excerpt":"\r Weak pound means overseas tenants able to increase budgets, says Knight FrankMounting uncertainty around Brexit and the global economy has prompted growing numbers of super-rich people to rent rather than buy in London, with demand for lettings at \u00a35,000-plus a week hitting a seven-year high. Knight Frank, the upmarket\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-7m-properties-dragged-into-higher-stamp-duty-band\/","url_meta":{"origin":43843,"position":5},"title":"2.7m properties dragged into higher stamp duty band\u00a0","date":"March 19, 2020","format":false,"excerpt":"\r Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band\r \r Source : ft.com\r Read more...2.7m properties dragged into higher stamp duty band\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43843"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43843"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}