On the Conservative proposal to charge foreign buyers more stamp duty, Boris Johnson said: “What we’re doing is putting a 3% increase in stamp duty for foreign buyers.”
The Prime Minister made the comments on a visit to Bassetlaw District General Hospital in Worksop, Nottinghamshire, where he met staff and patients.
Now, one of the advantages of getting Brexit done is that you can then do it in a non-discriminatory way between all international buyers – because previously you couldn’t do it with people coming from the 27 other EU countries.
As we come out of the EU we’ll be able to levy that increased stamp duty on all international buyers.
I want our market to be open – I want people to be able to buy stuff in the UK – but it is only reasonable when international buyers come in and buy property that they should make a contribution to life in this country.
And we will use that 3% stamp duty to help tackle the problems of homelessness. I think it is the right thing to do.