Non-doms tax bonanza raises house prices
Tax breaks for the super-rich are causing a damaging knock-on effect for the minnows attempting to get on the property ladder
Tax advantages gifted to non-domiciled individuals are being blamed
for rocketing house prices at the bottom end of the market.
The offshore trusts used by non-doms are also utilised to pay far less stamp
duty, leading to a boom last year that caused an overall rise in prices across
A study by the estate agent group Savills showed that 68% of homes worth a
minimum of £5m were snapped up by foreign buyers last year.