If a company owns it instead of an individual resident, there will be no capital gains tax relief available when they sell it. Which will generate a whole lot more money for the government than a few years council tax.
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Only 9 of the 62 flats at One Hyde Park are paying council tax
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Originally posted by Freamon View PostIf you have nothing to hide you have nothing to fear.
Thought not.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Freamon View PostIf you have nothing to hide you have nothing to fear.Originally posted by Sysman View PostWould you be happy to publish your detailed company accounts and tax returns on CUK?
Thought not.Comment
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Originally posted by KentPhilip View PostIf a company owns it instead of an individual resident, there will be no capital gains tax relief available when they sell it. Which will generate a whole lot more money for the government than a few years council tax.Comment
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Originally posted by KentPhilip View PostIf a company owns it instead of an individual resident, there will be no capital gains tax relief available when they sell it. Which will generate a whole lot more money for the government than a few years council tax."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by KentPhilip View PostIf a company owns it instead of an individual resident, there will be no capital gains tax relief available when they sell it. Which will generate a whole lot more money for the government than a few years council tax.
There's nothing to stop them trading one for a place elsewhere in the world and showing no profit in the UK.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by KentPhilip View PostIf a company owns it instead of an individual resident, there will be no capital gains tax relief available when they sell it. Which will generate a whole lot more money for the government than a few years council tax.Comment
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Originally posted by BrilloPad View PostIf they pay it. I suspect Hector could get alot more money by chasing this than by persuing BN66. But those that own the flats probably bankroll the Tory party so will be immune.
Hector will be happy as they have paid the tax owed.
This is how it works.Comment
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