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Cnbc
Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
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The decline was most pronounced in properties valued above £30 million, with just 10 sales generated compared to 38 the previous year, which the report attributed to higher buyer discretion. Stuart Bailey, Knight Frank's head of super-prime sales for London, noted that Autumn Statement uncertainty had now replaced election uncertainty, with non-doms not the only group being spooked by Labour's anticipated tax changes.
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- September 20, 2024