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What to look out for when buying overseas homes
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In Britain, non-resident buyers face an additional 2 per cent stamp duty surcharge on top of the regular stamp duty, among other taxes.
PHOTO: BARRATT LONDON
SINGAPORE – While multiple rounds of property cooling measures in Singapore and the allure of rental income and potential asset appreciation seem to make overseas homes attractive, there are risks to consider including taxes, rules on ownership and selling in jurisdictions abroad, and exchange rate movements.
Fluctuations in exchange rates can affect the value of your overseas home and rental income.
