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Discussion in 'Speakers Corner' started by Lightning_650, Oct 29, 2016.
The apple rarely rots very far from the tree.
Firms on Caribbean island chain own 23,000 UK properties Feb 2018 BBC
A quarter of property in England and Wales owned by overseas firms is held by entities registered in the British Virgin Islands, BBC analysis has found.
They are owned by 11,700 firms registered in the overseas territory.
The finding emerged from BBC analysis conducted of Land Registry data on overseas property ownership.
The research found there are around 97,000 properties in England and Wales held by overseas firms, as of January 2018.
It adds to concerns that companies registered in British-controlled tax havens have been used to avoid tax.
Of the properties owned by overseas companies in England and Wales, two thirds are registered to firms in the British Virgin Islands, Jersey, Guernsey and the Isle of Man.
Many foreign UK property owners are also officially headquartered in Hong Kong, Panama and Ireland.
Close to half (44%) of all properties owned by overseas companies in England and Wales are located in London
More than one in ten (11,500) properties owned by overseas companies in England and Wales are located in the City of Westminster
More than 6,000 properties owned by foreign companies are in the London borough of Kensington and Chelsea.
The leasehold of Admiralty Arch, the former government building off Trafalgar Square was sold to hotel developer Prime Investments for £141m. It is registered to a Guernsey-based entity, Admiralty Arch Hotels Ltd.
On their website Rafael Serrano who began his career at JP Morgan as an Investment Banker, proudly proclaims :
Prime Investors Capital (PIC), is a London-based investment management company that is dedicated to producing superior returns, by advising and financing investments in the areas of finance, private equity and property.
One look at Companies House shows it is exempt from tax as a small business. https://beta.companieshouse.gov.uk/…/07099042/filing-history
In October 2012, Prime Investors Capital led a UK-based team of 20 British companies to secure the high profile – and winning – bid to purchase a 125-year lease of Admiralty Arch from the UK Government. Serrano and his team came to the table with an enviable track record in managing high-end residential and luxury hotel projects in prime locations from sourcing to completion: previous multi-million-pound hotel investment projects include the Bvlgari Hotel and Residences in London’s Knightsbridge.
In August 2013, Prime Investors Capital was granted full planning permission by Westminster City Council for Serrano’s innovative plans to transform the ceremonial gateway between The Mall and Trafalgar Square, which was at risk of falling into disrepair, into a luxury 100-room hotel, private residences and a members’ club.
The leasehold of Admiralty Arch, was sold to hotel developer Prime Investments for £141m. It is registered to a Guernsey-based entity, Admiralty Arch Hotels Ltd.BBC
On top of that, was the sale of the former headquarters of the Metropolitan Police, New Scotland Yard, at 8-10 Broadway.
The site was purchased by the Abu Dhabi Financial Group in 2014 for £370m from the Mayor of London's office. But it is officially owned by a Jersey-based company called BL Development.
In 2016 I wrote to my MP to ask David Cameron to explain to the British public why Wellington House in Lambeth, the Department of Health at 79 Whitehall, property at 4-26 Webber Street, Southwark, and Admiralty House, have been transferred to Islamic banks and businessmen without the knowledge or consent of the British public. I received no reply.
It seems to me that more than 25% of property in the UK is registered offshore. Unbelievable.
And the £9 million pound remain leaflet?
you and i both know pegham will change quite considerably. come the day. yer away to find out what it means to be a small fish in a large sea. which is cool, its your choice after all.
You gonna Hell, bigot.
yeah yeah, that and all the rest of it. zzzZZZzzz
Just save your "too wee, too pewer" claptrap, Pagham has heard it all before.
aye, no doubt.