Hongkongers heading to UK under BN(O) visa scheme undeterred by end of stamp duty holiday, surging home prices

The end of a stamp duty holiday and surging home prices are unlikely to deter Hongkongers from continuing to buy properties in the UK as they move there under the British National (Overseas) scheme, according to analysts.Since the beginning of this month, London has imposed a minimum 5 per cent tax on property purchases worth at least £250,000 (US$342,705) in England and Northern Ireland, officially winding up a stamp duty holiday that began a year ago. The end of the tax break means that the…

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