Property acquired by overseas companies
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lacb
Posts: 623
Joined: Mar 2005
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Ligersaur
Posts: 60
Joined: Sep 2014
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06-04-2016 09:52 AM
The Bird in Hand Public House, Stonegate Pub Company Limited, registered in the Cayman Islands.
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Devonish Forester
Posts: 62
Joined: Nov 2015
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06-04-2016 11:32 AM
It is disgraceful. Why has no political party promised to legislate such that beneficial ownership must be visible in the UK Land Registry records?
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michael
Posts: 3,220
Joined: Mar 2005
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06-04-2016 12:09 PM
I don't see what the problem is, as long as we can buy duty free booze from The Bird from now on.
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Ligersaur
Posts: 60
Joined: Sep 2014
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06-04-2016 01:22 PM
I don't see what the problem is, as long as we can buy duty free booze from The Bird from now on.
... and large Toblerones.
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lacb
Posts: 623
Joined: Mar 2005
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06-04-2016 01:35 PM
It is disgraceful. Why has no political party promised to legislate such that beneficial ownership must be visible in the UK Land Registry records?
Agreed. [aside]There is a political party that is about to sell off the Land Registry to the highest bidder though. Which could mean that the Registry itself is, one day, owned off-shore - that would be ironic.[/aside]
AFAICT, the most immediate affect of this is that when a building is sold, they can avoid stamp duty.
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Londondrz
Posts: 1,538
Joined: Apr 2006
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06-04-2016 02:09 PM
It's like the Colonies are getting their own back!
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Perryman
Posts: 809
Joined: Dec 2006
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06-04-2016 03:12 PM
the Registry itself is, one day, owned off-shore - that would be ironic
As ironic as tax offices being owned offshore to avoid paying tax...
“Buildings occupied by the Ministry of Justice, including Britain’s tax tribunal, are – almost unbelievably – owned offshore in a Mediterranean tax haven, while the attorney-general works from a London office that is owned in a tax haven in the British West Indies, the Eye has discovered.”
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Erekose
Posts: 553
Joined: May 2010
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