Tax cut may pull new investors – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Tax cut may pull new investors – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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Kuwaitis’ stake in UK real estate huge

KUWAIT CITY, Sept 28: At a time when Britain decided to reduce the tax on real estate deals to revive the market, specialists says such a step might contribute to attracting new investors to the British real estate market, especially the young ones, as well as benefiting from the tax cut, besides the historical decline in the price of the sterling pound, which reached the lowest level at the end of last week since 37 years ago against the dollar, after British Chancellor of the Exchequer Kwasi Quarting announced the mini-budget that included new government borrowing and tax cuts, reports Al-Rai daily.