One Hyde Park, the world's most expensive apartment building, is a notorious den of tax avoidance. The building is located in London's Knightsbridge, between the Serpentine and Harvey Nichols, and has 62 apartments, each worth millions of pounds. Only nine of the 62 owners pays their
full council tax, and most of the apartments were sold without any stamp duty (a tax on home purchases) being collected through a dodge whereby each apartment was owned by a company over which the buyers assumed control, so that the apartment itself never changed hands.
Karen Buck, the Labour MP for Westminster north, said she expected the council to act quickly to recoup the tax from One Hyde Park's residents. She voiced concern that the super-rich in London were not paying their way, saying: "When council spending is under unprecedented pressure, it is scandalous that residents in luxury apartments can avoid their share of council tax liability. It sometimes seems as if the more money you have the less you are required to pay."
A council may apply to a magistrate for a warrant to imprison a council tax debtor if they are refusing to pay but have the means.
The revelation follows claims by Liberal Democrats that up to £750m is lost every year to the exchequer when house purchases are hidden behind off-shore companies.
Only nine pay council tax in enclave for super-rich
In 2014, Britain strode boldly into the late 20th century, finally legalising “private copying” — ripping CDs, taping LPs, recording TV shows, backing up your ebooks and games — but now it’s thought better of the move.
The Snoopers Charter is the UK Tory government’s proposal to force ISPs to retain records of all their customers’ online activities, and the government has used the excuse of the Paris attacks to call for its immediate passage despite the fact that the £175m/year the government has budgeted to defray ISPs’ costs is not even […]
It’s been five years since the first cases of UK undercover police officers infiltrating environmental groups and tricking activists into having sex with them surfaced, and now, one of the survivors of the practice, “Lisa,” has granted her first-ever interview.
The Code Black is our top-selling drone of all time—and for good reason. This powerful, palm-size drone is not only insanely fun to fly, but can capture some serious video footage from up above. With a flight time of about 10 minutes and an ultra-smooth ride, it’s a great introductory drone for anyone looking to […]
Don’t get handcuffed by Apple’s standard 3-foot Lightning cord (that you’ve most likely already lost), treat yourself to 10 feet of luxurious charging convenience. The Colossal is certified by Apple for its high-end quality, and designed to support full use of your phone while you power up. You can also get it in a 2-pack […]
Today and tomorrow only we are offering an additional 15% off the entire Boing Boing store (some exclusions may apply). Simply use coupon code: BLACKFRIDAY at checkout! Below are a few of our favorites from the store: First Generation Lytro 16GB Camera: The First Consumer Camera to Capture the Entire Light FieldAdobe Training Videos: Lifetime Subscription: 6,000+ Adobe […]