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Osborne refuses to deny foreign property tax plan
November 1, 2013 / 8:45 AM / 4 years ago

Osborne refuses to deny foreign property tax plan

LONDON (Reuters) - Chancellor George Osborne refused on Friday to deny a report that he is considering imposing capital gains tax on foreign property investors.

Britain's Chancellor of the Exchequer George Osborne speaks at a Thomson Reuters Newsmaker event at Canary Wharf in London October 22, 2013. REUTERS/Toby Melville

Ahead of Osborne’s December 4. Autumn Statement on Britain’s finances, local media have reported that Osborne is considering imposing a capital gains tax on the sale of second homes in Britain owned by foreign investors.

“Well I am only a month off my Autumn statement so I am not going to comment on specific tax affairs - it’s not a leak that comes from anyone near me,” Osborne told the BBC when asked about the reports.

“The only reason I don’t want to deny it is because I don’t want to then get into a whole list of other things you are going to ask me about,” he said.

Reporting by Guy Faulconbridge; editing by Stephen Addison

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