Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
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
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More