Will foreign investors have to pay Capital Gains Tax?

News at Eden Harper | 25/11/2010


Could foreigners end up being subject to Capital Gains Tax (CGT)? Potentially, under ideas being floated by the Chancellor, George Osborne. Soaring property prices are sparking fears of a housing bubble in Central London - in some areas such as Mayfair, Kensington and Chelsea; the average home is worth about 30 times the average local salary. 

Now the Deputy Prime Minister Nick Clegg’s said that sales of expensive foreign-owned properties will incur a higher rate of CGT. His comments come after rumours a couple of weeks ago that the move was likely to be considered were reported by major news outlets. Nick Clegg said that the Treasury was likely to include the policy in the autumn statement next month and that the levy shouldn’t be seen as a replacement for the Liberal Democrat’s objective of a mansion tax on properties worth more than £2 million.

The Guardian

During the current lockdown our offices are open but with skeleton staff only for prebooked appointments. Face to face appointments are strictly limited and contact should be by email. All other members of staff are working from home. Please go to our contact page for the relevant office/department. Existing tenants please click on Property Management in the main menu above for email addresses.

All persons attending pre scheduled appointments are required to wear face masks and observe social distancing measures. We ask this to help protect both themselves and our staff.


In the event of a Property Management emergency, please call our Battersea office on 020 7720 1116 where one of our property managers will assist you or an answer phone message will provide you with details of our emergency contractor.

Covid 19 Information Hide