Only 9 of the 62 flats at One Hyde Park are paying council tax

[KentPhilip]

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.

[Sysman]

If you have nothing to hide you have nothing to fear.

Would you be happy to publish your detailed company accounts and tax returns on CUK?

Thought not.

[Peoplesoft bloke]

If you have nothing to hide you have nothing to fear.

Would you be happy to publish your detailed company accounts and tax returns on CUK?

Thought not.

I think Freamon was being ironic. Only the exceptionlly moronic actually subscribe to that pathetic mantra of despair.

[Peoplesoft bloke]

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.

Looks like they are evading both pretty effectively.

[Freamon]

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.

Only if there are capital gains.

[Sysman]

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.

Only if they are liable for UK tax?

There's nothing to stop them trading one for a place elsewhere in the world and showing no profit in the UK.

[BrilloPad]

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.

If 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.

[DimPrawn]

If 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.

WHS. Owned by a company domiciled in the Cayman islands I suspect, where they will pay the full force of Cayman islands tax, which is levied at a flat rate of 0%. So they will pay tax on it, just at 0%.

Hector will be happy as they have paid the tax owed.

This is how it works.