11:05 AM, 8th November 2017, About 5 years ago 11
Two Labour Councils made investment purchases of commercial property. (Strange when councils are meant to tax us for the provision of local essential services, not for running a property investment business!)
The councils have purchased these properties using offshore companies in Luxembourg and saved £12bn in SDLT. … And its all perfectly legal.
The councils are obviously tax resident in the UK, so how does buying these properties through a Luxembourg company help?
Can anyone shed any light on how this structure works?
Baker Street Property Meet
Next Meet in Central London, Wed 29th Nov 2017. (200+ People attending)
More info at www.bakerstreetpropertymeet.com