Labour Councils Teach Us How To Invest In Commercial Property !Make Text Bigger
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
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