Paul Scully, Tax

Tomorrow, polling stations across the United Kingdom will open as the nation prepares to usher in a new prime minister. This is the first general election since a policy change in 2021 which removes a time limit on the eligibility of ex-UK residents. Paul Scully is a British former MP who served as a member of the Conservative Party from 2015 to 2024. He recently announced that he will not be standing in tomorrow's general election. We spoke to him about the elections as well as what brings him to Gibraltar. And, the Minister with responsibility for taxation wants to make it more costly for wealthy individuals to buy and sell multiple properties like a stock market. Nigel Feetham told Parliament there will be a new tax on profits or gains for investors with three or more properties in their portfolio. Graham Jackson of the Association of Tax Advisors and our reporter Ros Astengo were closing following Mr Feetham’s speech. Hosted on Acast. See acast.com/privacy for more information.