An introduction to purchasing property in UK
By Mark Chester
The UK has a flexible, secure and transparent property market offering a wide range of investment structures. In recent years, international purchasers have increasingly been investing in UK property, attracted by the lack of restrictions on overseas companies buying or renting property, the excellent returns available and the stability of the market. Unsurprisingly, Britain is now among the top 10 nations in the world for outbound Chinese investment.
Here is an overview of the legal procedure and tax considerations for overseas investors looking to purchase or rent property in England.
Investors in the UK property market can acquire either a ‘freehold’ or ‘leasehold’ interest in land. The key differences between these two main types of legal interest are summarised below…
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