3 ms·
I don't think the concern is about foreign ownership per se, but rather the lack of transparency associated with the offshore companies, particularly in relatio
by m-i-l 11y ago
I don't think the concern is about foreign ownership per se, but rather the lack of transparency associated with the offshore companies, particularly in relation to potential tax (Stamp Duty) avoidance and money laundering[0].
[0] http://www.theguardian.com/uk-news/2015/jul/25/london-housing-market-launder-offshore-tax-havens http://www.theguardian.com/uk-news/2015/jul/25/london-housin...
- pauly 11y agoagreed, I looked around the area I live in Kent and it looks like people buying a house "tax efficiently" ahem, via companies in the Channel islands, rather than oligarchs buying up swathes of the town.