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Foreign Homeowners Fleeing London After Ed Miliband Announced Non-Dom Rule Change Plan, Say Estate Agents

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Ed Miliband initially suggested he would 'abolish' the non-domicile status on Wednesday should his party take power in the General Election on May 7, but it later emerged he is effectively proposing a time limit on it of between two and five years.

Watering down already.

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So, a few rich people leave and thousands can be housed.

What`s not to like?

I`m sure a few hpc members will leave too on the heels of their betters.

Edited by council dweller

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He told the paper: 'My clients feel under attack, they are not going to invest in London any more.'

How self serving is that.

Think how everyone else thinks when having to suffer under the thieving then.

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I suspect recent stamp duty and tax changes over enveloped dwellings are likely to have had more influence on foreigners decisions to quit the London property market than any threats/promises by Miliband about the future of non dom status. Given that taxable income and gains from UK property were never protected by a person being non domiciled it won't make any difference to the attractiveness or otherwise of the UK as a place to invest in property.

Edited by stormymonday_2011

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And I thought they previously blamed foreigners for everything, except when it's obviously the fault of fat unemployed slags with 5 kids.

The Tory press underwent a collective shift about 18 months ago. They're all fervently pro-immigration and pro-EU now, much like the Tory party itself. In any contest between established Tory values and the City of London, the City of London always prevails.

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The Tory press underwent a collective shift about 18 months ago. They're all fervently pro-immigration and pro-EU now, much like the Tory party itself. In any contest between established Tory values and the City of London, the City of London always prevails.

The "collective shift" coincided with the introduction of Funding for Lending (July 2012) and Help to Buy (April 2013).

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Heheh, Trickle down... What a whopper!

1 x person = 1 x wife, nanny, chauffeur, cook and house maid V's 1,000 people with needs for everything else.

How can 1 x persons views on everything trump 1,000 other peoples views. Yes the rich, they have money, but they don't spend it like 1,000 ordinary people.

It's a false signal, It says we need more nanny's, cooks, chauffeurs and housemaids.... No we don't. We need less rich ba$tards!

Down with the work shy, rich, privileged shysters!

Edited by XswampyX

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The Tory press underwent a collective shift about 18 months ago. They're all fervently pro-immigration and pro-EU now, much like the Tory party itself. In any contest between established Tory values and the City of London, the City of London always prevails.

The immigration numbers didn't alter that much after the 2010 general election but the Tory press seemed to be pretending that the numbers were reducing to the "promised" tens of thousands whilst in reality the figures were staying much the same as before.

Not unlike the days of NuLabour when nobody (in the political parties or in the press/media) seemed to know or could say what the total figures were - but all they had to do was ask the Office of National Statistics (ONS). LibLabCon - the No Straight Answers party (NSA).

Also to say that it's the Tory press when the Conservatives are in power but when Labour/NuLabour have been in power they've been quite happy to support them at least over the last couple of decades.

Edited by billybong

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The immigration numbers didn't alter that much after the 2010 general election but the Tory press seemed to be pretending that the numbers were reducing to the "promised" tens of thousands whilst in reality the figures were staying much the same as before.

Not unlike the days of NuLabour when nobody (in the political parties or in the press/media) seemed to know or could say what the total figures were - but all they had to do was ask the Office of National Statistics (ONS). LibLabCon - the No Straight Answers party (NSA).

Also to say that it's the Tory press when the Conservatives are in power but when Labour/NuLabour have been in power they've been quite happy to support them at least over the last couple of decades.

Good point. More a City press than a Tory press.

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Does this article make any sense? Non-dom status affects British citizens not foreigners, i.e. Brits not paying tax because they live abroad for a specific amount of time each year. So unless foregin governments announced something similar foreigners living in London wouldn't give a stuff (unless they also have British citizenship). Have I missed something? I must admit I mentally filter out a lot of these election promises because most won't happen.

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Good point. More a City press than a Tory press.

Thank you. A City press along with an amount of Incumbent party press (incumbent in government).

The incumbents of all descriptions being hand in glove with the City for some time.

Edited by billybong

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The Tory press underwent a collective shift about 18 months ago. They're all fervently pro-immigration and pro-EU now, much like the Tory party itself. In any contest between established Tory values and the City of London, the City of London always prevails.

This is why I don't understand why anyone would vote Tory thinking they will get "Conservative" values. Under the Tories, immigration has gone UP. They are completely in thrall to the EU and will do everything they can to avoid a UK referendum.

They haven't cut welfare (they made a big noise about benefits cap etc, but it is still the equivalent of a £35k a year wage and it is still very easy to avoid, so hardly anyone has been caught by it). They have mostly cut welfare for the middle classes (removing child benefit etc).

They didn't bring in their promised IHT cut (partly because it was vetoed by the Lib Dems) but I don't think they really want to reduce it.

They have increased tuition fees for the middle classes (whilst the working/benefit class get a cut).

They have spent more in 5 years than Labour did in 13 years and have increased the debt to over a trillion.

How can anyone take the "Conservative" party seriously? You are basically just voting for a party that is a mouthpiece for the extremely rich/bankers. They will not protect the middle or working classes.

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The "collective shift" coincided with the introduction of Funding for Lending (July 2012) and Help to Buy (April 2013).

Bungs from the EU itself, like the BBC allegedly gets, might have had something to do with it!

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Labour's plans to change rules allowing wealthy foreigners to lower their tax bills is causing London property deals to fall through and homeowners to sell up, estate agents have claimed.

So join the end of the queue of complainants about political policies.

You've had a jolly good run.

Edited by billybong

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