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

[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.

[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.

[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.

[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.

[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.

[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.

[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.

[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.

[Freamon]

That logic can trigger a slide down an awfully slippery slope.

Yes, worrying isn't it. Still I'm sure someone will be along in a minute to point out that this would be an ideal opportunity to boost sales of toboggans or something.

[GreenLabel]

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

That logic can trigger a slide down an awfully slippery slope.

[d000hg]

From the title I assumed the story was going to be that the properties were used for benefits claimants.

[Freamon]

Good for them I say. The more tax the council gets, the more they'll waste on security cameras.

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

[stek]

It's not on the Monopoly Board so I don't understand....

[Spacecadet]

Only little people pay tax

FTFY

[OwlHoot]

Good for them I say. The more tax the council gets, the more they'll waste on security cameras.

Only little people pay council tax