UK property tax law to hit foreign owners

25 July 2013 | 1 minute read

Asian investors who are planning to purchase residential properties in the United Kingdom (UK) may want to think twice in light of a newly introduced tax law set to cost ‘non-natural persons’ up to £140,000 (US$214,760) annually. The Annual Tax On Enveloped Dwellings (ATED), which came into law last week after receiving Royal Assent, will charge non-natural persons, including non-UK…

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