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Property investors on alert as governments impose wealth taxes, plan more levies on market to replenish stimulus coffers

Homebuyers could face higher property transaction costs globally as governments consider imposing wealth taxes to refill their coffers after spending record amounts of cash to keep their economies afloat during the Covid-19 pandemic.Some countries, from Argentina and South Korea, have turned to populist policies by slapping levies on property market transactions, which could dent demand from overseas investors in their home markets, analysts said.“Real estate or wealth tax is one way for…

Read the original article at South China Morning Post

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