Osborne stays mum on foreign property tax

PUBLISHED : Wednesday, 06 November, 2013, 5:10am
UPDATED : Wednesday, 06 November, 2013, 6:26am

British finance minister George Osborne has refused to deny a report that he is considering imposing capital gains tax on foreign property investors.

Ahead of his 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 which are 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.

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