Looking abroad for a new home
A Chinese woman watching a presentation of an overseas project at a cocktail party in central London. It costs buyers an average of 20 years to get their investment back from rental incomes in London. The biggest advantage about having a property investment in the UK is that there is no capital gains tax for sales by the non-domiciled. In contrast, China has just introduced a new policy of levying a 20 percent income tax on home sales. Provided to China Daily |
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