From Regent Street to Canary Wharf, UK Chancellor of the Exchequer John Healy has found a potential new revenue stream to supplement UK taxes — UK real estate portfolios held by global sovereign wealth funds. According to documents issued by the Ministry of Finance after Healy's first budget was announced, government support funds that were previously exempt from paying rent income tax will now be taxed at a 15% rate. According to the documents, the government expects this tax to bring in about 700 million pounds of revenue by the 2029-30 fiscal year. According to documents issued by the Ministry of Finance after Healy's first budget was announced, government support funds that were previously exempt from rent income tax will now be taxed at a 15% rate. According to the documents, the government expects this tax to bring in about 700 million pounds of revenue by the 2029-30 fiscal year.

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