{"id":70416,"date":"2017-10-30T17:00:53","date_gmt":"2017-10-30T10:00:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-egregious-tax-loophole-costs-the-uk-8bn-every-year-lets-close-it-stella-creasy\/"},"modified":"2017-10-30T17:03:05","modified_gmt":"2017-10-30T10:03:05","slug":"this-egregious-tax-loophole-costs-the-uk-8bn-every-year-lets-close-it-stella-creasy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-egregious-tax-loophole-costs-the-uk-8bn-every-year-lets-close-it-stella-creasy\/","title":{"rendered":"This egregious tax loophole costs the UK \u00a38bn every year. Let\u2019s close it | Stella Creasy"},"content":{"rendered":"


\nWhile British residents and companies have to pay tax on commercial property sales, foreigners don\u2019t. This manifest unfairness must endWhat if there actually is a magic money tree? A fair and reasonable way to raise cash? Halloween may be a time of ghosts and legends, but for the sake of our public finances it\u2019s time we stopped pretending this is a mythical entity.There is a country that taxes British residents, and British companies, when they make money on selling commercial real estate, but doesn\u2019t tax foreigners. That country is the UK. Closing the tax loophole around non-UK companies and commercial property sales would level the playing field for British businesses and at the same time help tackle the overheated housing market. It would also generate substantial revenue \u2013 enough to cover the entire public health budget for a year, for example. Continue reading…
\n
\nSource : theguardian.com
\nRead more…This egregious tax loophole costs the UK \u00a38bn every year. Let\u2019s close it | Stella Creasy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While British residents and companies have to pay tax on commercial property sales, foreigners don\u2019t....<\/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-70416","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-ijK","jetpack-related-posts":[{"id":42739,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vancouver-makes-about-face-on-taxing-foreign-home-buyers\/","url_meta":{"origin":70416,"position":0},"title":"Vancouver makes about-face on taxing foreign home buyers","date":"February 3, 2017","format":false,"excerpt":"\r Are there still any foreign buyers left though? Chinese New Year Parade 2017 in Chinatown, Vancouver. Zhenwang Wang\/Shutterstock Canada will be walking back its curbs on foreigners purchasing Vancouver homes as demand for them continues to cool down. 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Bangkok has stepped up its scrutiny of business and property ownership\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-royals-own-more-than-1bn-of-uk-property-via-tax-havens\/","url_meta":{"origin":70416,"position":5},"title":"Gulf royals own more than \u00a31bn of UK property via tax havens","date":"January 28, 2023","format":false,"excerpt":"\r New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than \u00a31bn of UK property via offshore jurisdictions, such as Jersey and the British\u2026","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\/70416"}],"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=70416"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=70416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=70416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=70416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}